Gaeddert Gregory L 4

What Happened

• Gregory L. Gaeddert, a director of Equity Bancshares, was granted an award reported as 3,726 shares on 2026-05-01. The filing indicates these are stock options granted under the Equity Bancshares, Inc. 2022 Omnibus Equity Incentive Plan; the reported dollar amount for the grant is $0 (derivative award). The options will vest on the first anniversary of the grant (May 1, 2027).
• This is an award/grant (not an open-market purchase or sale), so no cash changed hands at grant and it does not reflect an immediate purchase or sale of company stock.

Key Details

• Transaction date: 2026-05-01; Form 4 filed: 2026-05-05 (timely filing).
• Transaction type/code: A — Award/Grant (derivative securities: stock options).
• Shares/units reported: 3,726 (grant); reported price: $0.
• Vesting: Shares/options vest on May 1, 2027 (one-year cliff).
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: (1) Gaeddert is the managing member of D&G Investments, LLC and disclaims beneficial ownership of these securities except for his pecuniary interest. (2) Grant represents stock options issued in lieu of retainer and meeting fees under the 2022 Omnibus Plan.

Context

• This grant is an equity compensation award to a director (common practice for board retainer/meeting fee arrangements) and does not indicate an immediate market transaction. Because these are options that vest in one year, they are not currently exercisable for shares until vesting (and then subject to any plan/exercise terms). The disclaimer via D&G Investments, LLC indicates the reported ownership may be indirect or limited to his pecuniary interest.