Elliott Brad S 4

What Happened

• Brad S. Elliott, CEO of Equity Bancshares, disposed of a total of 3,141 shares as tax-withholding related to option exercises. The disposals were 1,278 shares on 2026-01-30 at $46.12 ($58,941) and 1,863 shares on 2026-01-31 at $46.12 ($85,922), for a combined value of approximately $144,863.
• These transactions are reported as code F (payment of exercise price or tax liability), meaning shares were surrendered/sold to satisfy tax obligations tied to an equity award or option exercise — a routine, non-investment sale.

Key Details

• Transaction dates and prices:
  • 2026-01-30: 1,278 shares @ $46.12 — $58,941
  • 2026-01-31: 1,863 shares @ $46.12 — $85,922
• Total shares disposed: 3,141; total value: ~$144,863.
• Filing: Form 4 filed 2026-02-03 (no late filing flag indicated in the provided data).
• Footnote: The reporting person is the managing member of Elliott Legacy, LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
• Shares owned after the transaction are not specified in the information provided.

Context

• These were tax-withholding disposals (code F), commonly done when executives exercise options or receive awards and need to cover taxes; they are generally considered administrative rather than a directional bet on the stock.
• For retail investors, purchases typically convey stronger signals than tax-related sales; this filing documents routine tax-related share retention/sale rather than an open-market sale for cash.