Sems Richard M 4

What Happened
Richard M. Sems, CEO of Equity Bancshares, reported an open-market purchase of 110 shares on February 23, 2026 at $45.13 per share, for a total cost of approximately $4,964. This was a purchase (code P), which is generally interpreted as a personal buy rather than a sale or option exercise.

Key Details

• Transaction date and price: 2026-02-23, 110 shares at $45.13 each.
• Total value: ~ $4,964.
• Shares owned after the transaction: not specified in the filing summary.
• Footnote: filing notes inclusion of 372 shares purchased on February 14, 2026 under the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan (ESPP).
• Filing timeliness: report filed on 2026-02-23 (same day as the report date), indicating a timely filing.

Context
This was a straightforward open-market purchase by the CEO (not an option exercise or gift). Purchases can be a signal of insider confidence, but they should be considered alongside other filings and company fundamentals. The footnote indicates the CEO also acquired shares under the company ESPP on Feb 14, which is a separate employee purchase.