Elliott Brad S 4

What Happened
Brad S. Elliott, CEO of Equity Bancshares, was granted a total of 32,241 equity awards on February 7, 2026. The grants reported are: 3,014 time‑based restricted units (RSUs) at $0.00, 5,904 time‑based RSUs at $0.00, 5,904 performance‑based RSUs at $0.00, and 17,419 derivative awards (reported as 0.00 price). All grants were reported as acquisitions (award/grant), so no cash changed hands at grant.

Key Details

• Transaction date: February 7, 2026; Form filed February 10, 2026.
• Grants (all $0.00 per share): 3,014; 5,904; 5,904; 17,419 — total 32,241 units.
• Vesting/footnotes from the filing:
  • 3,014 RSUs: time‑based, vest in four equal installments beginning Feb 7, 2026 (F1).
  • 5,904 RSUs: time‑based, vest in three equal installments beginning Feb 7, 2027 (F2).
  • 5,904 RSUs: performance‑based, cliff vest at the later of Feb 7, 2029 or when performance criteria can be confirmed, if metrics are met (F3).
  • A managing‑member disclaimer is included for Elliott Legacy, LLC (reporting person) disavowing beneficial ownership except for pecuniary interest (F4).
  • One footnote notes that 4,355 of certain options vest upon grant with the remainder vesting in three equal installments beginning Feb 7, 2027 (F5) — as disclosed in the filing.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Filing timeliness: Form lists the transaction date (Feb 7) and filing date (Feb 10); the filing itself does not state a tardiness flag in the excerpt provided.

Context
These are awards/grants (not open‑market purchases or sales). Time‑based RSUs vest according to schedule; performance RSUs only convert to shares if performance targets are met. Derivative designation generally means the award is not an immediate, free share transfer but subject to vesting/conditions. Awards are common for executive compensation and do not, by themselves, indicate an immediate market transaction.