Elliott Brad S 4

What Happened

• Brad S. Elliott, CEO of Equity Bancshares Inc. (EQBK), surrendered a total of 5,852 shares to satisfy tax or exercise-related obligations on March 2, 2026. The transactions consisted of 5,517 shares at $46.00 each ($253,782) and 335 shares at $47.49 each ($15,909), totaling $269,691. These were disposals to cover tax/exercise costs (transaction code F), not open-market sales.

Key Details

• Transaction dates and prices: 2026-03-02 — 5,517 shares @ $46.00 and 335 shares @ $47.49.
• Total value surrendered: $269,691.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The filer is the managing member of Elliott Legacy, LLC and disclaims beneficial ownership of these securities except to the extent of his pecuniary interest (per filing footnote F1).
• Filing timeliness: Form filed 2026-03-17 for a 2026-03-02 transaction — this appears to be a late filing (filed beyond the typical 2-business-day Form 4 window).

Context

• Code F indicates shares were used to pay an exercise price or satisfy tax withholding related to an option exercise or equity award. Such share-withholding transactions are routine administrative actions and do not necessarily signal a deliberate open-market sale or change in sentiment. The late filing is a disclosure/timeliness issue but does not itself explain the reason for the withholding.