Equity Bancshares EVP and COO Trades $179K In Company Stock - Equity Bancshares (NASDAQ:EQBK)

Gregory H Kossover, EVP and COO at Equity Bancshares EQBK, reported a large insider sell on November 2, according to a new SEC filing.

What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Kossover sold 5,000 shares of Equity Bancshares. The total transaction amounted to $179,055.

Equity Bancshares shares are trading down 0.26% at $34.81 at the time of this writing on Thursday morning.

The Importance of Insider Transactions

Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.

In legal terms, an insider refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.