Equity Bancshares (EQBK) director Leon Borck reports 2,070-share gifts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Bancshares director Leon Borck reported routine share gifts. On June 9, 2026, he made bona fide gifts totaling 2,070 shares of Class A Common Stock, split between his direct holdings and a family trust where he serves as trustee. He continues to hold substantial indirect and direct positions after these transfers.
Positive
- None.
Negative
- None.
Insights
Routine gifts of Equity Bancshares shares with sizable holdings retained.
Director Leon Borck reported two bona fide gifts of Class A Common Stock, each for 1,035 shares, on June 9, 2026. These are non-market transfers coded "G", meaning no open-market buying or selling occurred.
After the gifts, Borck holds 9,239 shares directly and 95,940 shares indirectly through the Leon Harold Borck Trust, where he is trustee. A separate 21,036-share position is held by EDBI, Inc., where he is president and disclaims beneficial ownership beyond his pecuniary interest.
The filing shows 0% net buy or sale activity, with 2,070 total gift shares and no derivative exercises. This appears as routine estate or family planning rather than a signal about Equity Bancshares’ near-term business outlook.
Insider Trade Summary
2,070 shares gifted
Mixed
3 txns
Insider
Borck Leon
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 1,035 | $0.00 | -- |
| Gift | Class A Common Stock | 1,035 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 9,239 shares (Direct, null);
Class A Common Stock — 95,940 shares (Indirect, By Leon Harold Borck Trust dtd 09/23/1994)
Footnotes (1)
- Reflects the gift of shares from the reporting person to the Leon Harold Borck Trust dtd 09/23/1994. The reporting person is the trustee of the Leon Harold Borck Trust dtd 09/23/1994. The reporting person is the President of EDBI, Inc. 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.
Key Figures
Gifted shares (direct holding): 1,035 shares
Gifted shares (trust-related): 1,035 shares
Total gift shares: 2,070 shares
+3 more
6 metrics
Gifted shares (direct holding)
1,035 shares
Bona fide gift of Class A Common Stock from direct ownership on June 9, 2026
Gifted shares (trust-related)
1,035 shares
Bona fide gift of Class A Common Stock involving the Leon Harold Borck Trust on June 9, 2026
Total gift shares
2,070 shares
Aggregate gifts of Class A Common Stock reported in this Form 4
Shares held by trust after transactions
95,940 shares
Indirect holdings via Leon Harold Borck Trust following June 9, 2026 gifts
Direct shares after transactions
9,239 shares
Direct Class A Common Stock holdings after June 9, 2026 gifts
Shares held by EDBI, Inc.
21,036 shares
Indirect Class A Common Stock position with disclaimed beneficial ownership
Key Terms
Class A Common Stock, bona fide gift, beneficial ownership, pecuniary interest, +1 more
5 terms
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
trustee financial
"The reporting person is the trustee of the Leon Harold Borck Trust dtd 09/23/1994."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
