Wopata Mark 4

What Happened

• Mark Wopata, EVP, Finance & Chief Data Officer of EquipmentShare (EQPT), reported a series of reclassification transactions on 2026-01-26. The filing shows matched "disposed" and "acquired" entries (i.e., conversion, not open-market trades) for a total of 415,000 share-equivalents: 15,100 common shares and 399,900 derivative-equivalent instruments. Prices are $0.00 or N/A and no cash was exchanged. These transactions were made pursuant to a reclassification exempt under Rule 16b-7.

Key Details

• Transaction date: 2026-01-26; filing date: 2026-01-27 (filed timely the next day).
• Specific line items (disposed and reacquired as part of the reclassification): 15,100 shares; 4,900; 20,000; 40,000; 80,000; 80,000; 175,000 (derivative entries shown at $0.00).
• Total reclassified: 415,000 share-equivalents (15,100 common + 399,900 derivatives).
• Prices/values: $0.00 or N/A on the Form 4 — no cash proceeds or purchases reported.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Footnotes of note:
  • F1: Reclassification under Rule 16b-7 — each Common share reclassified into one Class A Common share; no adjustments to number of shares or exercise prices of options.
  • F2–F4: Some stock options are fully vested (F2); others follow specified vesting schedules (vesting commencement dates 2/1/2023 and 4/1/2024 with 25% after year one then monthly/quarterly vesting over 36 months).
• Transaction code: J (other acquisition or disposition) — typically used for corporate reorganizations/reclassifications.

Context

• These entries reflect a corporate reclassification (conversion of securities into a new class) rather than purchases or sales in the market, so they do not by themselves indicate bullish or bearish insider trading intent.
• The derivative entries at $0.00 represent reclassification of option/award instruments into Class A-designated equivalents; they were not option exercises for cash nor open-market sales.