Sec Form 4 Filing - Elliott Brad S @ EQUITY BANCSHARES INC - 2021-06-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Elliott Brad S
2. Issuer Name and Ticker or Trading Symbol
EQUITY BANCSHARES INC [ EQBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
7701 E. KELLOGG DR., STE. 300
3. Date of Earliest Transaction (MM/DD/YY)
06/01/2021
(Street)
WICHITA, KS67207
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 06/01/2021 M 33,000 ( 1 ) A $ 12 124,807 D
Class A Common Stock 06/01/2021 F 20,076 ( 1 ) D $ 33.19 ( 1 ) 104,731 D
Class A Common Stock 9,615 I By Equity Holdings, LLC ( 3 )
Class A Common Stock 172,551 I By Equity Holdings, LLC ( 3 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 12 06/01/2021 M 33,000 ( 2 ) 01/01/2022 Class A Common Stock 33,000 $ 0 117,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Elliott Brad S
7701 E. KELLOGG DR., STE. 300
WICHITA, KS67207
X Chief Executive Officer
Signatures
/s/ Eric Newell, attorney-in-fact 06/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This form is being filed to report the exercise of an Equity Bancshares Inc. stock option for a total of 33,000 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder relinquishes enough shares of stock to cover the exercise price of the option being exercised and related withholding taxes. As a result of this stock swap, the reporting person acquired 12,924 shares of Equity Bancshares Inc. The price in column 4 is the Equity Bancshares Inc. close price as of June 1st when the option holder requested the stock swap exercise and it was approved by Equity Bancshares Inc.
( 2 )The option vested over five equal installments beginning on January 1, 2013.
( 3 )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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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