Form 4: Equity Bancshares Director Files Ownership Change
Statement of Changes in Beneficial Ownership
Kevin Earl Cook, a Director at Equity Bancshares Inc., has reported a transaction involving the gift of Class A Common Stock to the Cook Family Trust.
Summary
- Kevin Earl Cook, a Director of Equity Bancshares Inc. (EQBK), filed a Form 4 statement detailing a change in beneficial ownership.
- On May 18, 2026, Mr. Cook gifted 1,035 shares of Class A Common Stock to the Cook Family Trust.
- Following this transaction, Mr. Cook's beneficial ownership of Class A Common Stock is reported as 1,103 shares directly held and 23,978 shares indirectly held through the Cook Family Trust, of which he is the trustee.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports a routine transfer of shares to a family trust without indicating a sale or purchase that would signal a strong market sentiment.
Positives
- The transaction reflects a transfer of shares to a family trust, which can be part of estate planning or wealth management strategies.
- Mr. Cook continues to hold a significant indirect beneficial ownership in the company through the trust.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insiders of publicly traded companies, providing transparency on stock transactions and ownership changes. Such filings are crucial for investors monitoring insider activity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Kevin E Cook granted a Power of Attorney to specific individuals to prepare and execute SEC filings, including Forms 3, 4, and 5, on his behalf. | 2023-10-25 | Facilitates compliance with Section 16 reporting requirements by allowing designated representatives to act on the reporting person's behalf. |
Related Party Transactions
- Gift of 1,035 shares of Class A Common Stock from Kevin Earl Cook to the Cook Family Trust, where Kevin Earl Cook is the trustee.
Stakeholder Impact
- Shareholders: Increased transparency regarding insider ownership structure.
- Management/Directors: Demonstrates adherence to SEC reporting regulations.
- Trust Beneficiaries: Potential impact on future distributions from the Cook Family Trust.
Key Dates
| Date | Description |
|---|---|
| 2023-10-25 | Date of execution of the Power of Attorney by Kevin E Cook. |
| 2026-05-18 | Earliest transaction date reported on Form 4; date of gift of shares. |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Insider Trading, Equity Bancshares, EQBK, Director, Stock Gift, Trust
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