Form 4: CEO John Hardy Boosts Stake in Equus Total Return

Equus Total Return CEO John A. Hardy acquired 133,682 shares of common stock at $2.51 per share, increasing his beneficial ownership.

Summary

• John A. Hardy, CEO, Director, and 10% Owner of Equus Total Return, Inc. (EQS), acquired 133,682 shares of common stock.
• The acquisition occurred on September 16, 2025, at a price of $2.51 per share.
• This transaction represents an award of restricted stock under the Registrant's 2016 Equity Incentive Plan.
• Following this acquisition, John A. Hardy beneficially owns a total of 3,861,706 shares of common stock indirectly.
• The indirect ownership includes 3,228,024 shares held directly by Benton Capital Inc., a British Columbia Corporation beneficially owned and controlled by Mr. Hardy.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock by the CEO is a positive indicator of management alignment and confidence, though not as strong as an open market purchase with personal funds.

Positives

• The CEO's acquisition of 133,682 shares of common stock increases his beneficial ownership, signaling strong alignment with shareholder interests.
• The award of restricted stock under an equity incentive plan demonstrates management's commitment and long-term vested interest in the company's performance.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of 133,682 shares of restricted stock by CEO John A. Hardy from Equus Total Return, Inc. constitutes a related party transaction as it involves an insider and the company.

Stakeholder Impact

• Shareholders may perceive the increased insider ownership as a positive signal, indicating management's confidence in the company's future and aligning their interests with long-term shareholder value.

Key Dates

Recommendation

The CEO's acquisition of restricted stock, while not an open market purchase, significantly increases his beneficial ownership, demonstrating strong alignment with shareholder interests and confidence in the company's long-term strategy. This action reinforces a 'hold' position, suggesting stability and management commitment.

Keywords

Equus Total Return, EQS, John A. Hardy, Insider Transaction, Stock Acquisition, CEO, Director, 10% Owner, Restricted Stock, Form 4