EQUITY BANCSHARES INC — Director's Dealing 2021

Feb 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY BANCSHARES INC (EQBK)
CIK: 0001227500
Period of Report: 2021-01-29

Reporting Person: Elliott Brad S (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-29	Class A Common Stock	A	29553	$0.00	Acquired	101641	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-29	Employee Stock Option (right to buy)	$22.08	A	4163	Acquired	2031-01-29	Class A Common Stock (4163)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9615	Indirect
Class A Common Stock	172551	Indirect

Footnotes

F1: Represents the grant of 18,881 shares of time-vested restricted units vesting in three equal installments beginning on January 29, 2022, as well as 10,672 shares of performance-based restricted units cliff vesting on January 29, 2024 if performance criteria are met.

F2: The reporting person is the managing member of Equity Holdings, LLC and Elliott Legacy, LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

F3: Includes 500 shares purchased on February 14, 2020, as well as 451 shares purchased on August 14, 2020 pursuant to the Equity Bancshares, Inc. 2019 Employee Stock Purchase Plan.

F4: The option vests in three equal annual installements beginning on January 29, 2022.

F5: Includes adjustment for overstatement of new grant awarded on February 7, 2020, which was overstated by 127 shares.

F6: Reflects a transfer of 172,551 shares from Brad Elliott to Elliott Legacy, LLC on January 8, 2021.