Marquardt David 4

What Happened

• David Marquardt, EquipmentShare’s CFO and Chief Accounting Officer, received two equity awards on April 1, 2026: 50,000 and 15,000 restricted stock units (RSUs) of Class A common stock. Both grants were reported on a Form 4 filed April 3, 2026. The awards were granted at $0.00 per share (award grants), so there was no cash purchase or sale.

Key Details

• Transaction type: A = Award/Grant (RSUs)
• Grant date(s): April 1, 2026; Form 4 filed April 3, 2026 (appears to meet the typical 2-business-day filing window)
• Shares granted: 50,000 RSUs (footnote F1) and 15,000 RSUs (footnote F2) — total 65,000 RSUs
• Grant price: $0.00 per share (standard for RSU awards)
• Vesting (per filing footnotes):
  • F1 (50,000 RSUs): Vest over four years — 25% on the first anniversary, then 1/16th of the total shares vest quarterly thereafter, subject to continued service.
  • F2 (15,000 RSUs): 100% vests on the first anniversary, subject to continued service.
• Shares owned after transaction: not specified in the excerpt provided
• No sale, exercise, gift, or tax-withholding reported in this filing

Context

• These are time-based RSU grants (compensation awards), not open-market purchases or sales. RSU awards involve no immediate cash outlay and typically vest over time if the executive remains employed; they do not necessarily signal a near-term market action. As these grants are reported by an executive officer (CFO & CAO), they reflect compensation rather than an investment decision.