gregory h kossover evp and coo at equity bancshares eqbk reported a large insider sell on november 15 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on tuesday showed that kossover sold 5000 shares of equity bancshares the total transaction amounted to 187450 equity bancshares shares are trading down 086 at 3668 at the time of this writing on wednesday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt 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 csuite 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 when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of equity bancsharess insider trades this article was generated by benzingas automated content engine and reviewed by an editor