EquipmentShare CEO Jabbok Schlacks buys $444,504 in stock

CEO Jabbok Schlacks of EquipmentShare.com Inc. (NASDAQ: EQPT) recently increased his stake in the company by buying $444,504 worth of its Class A Common Stock. The purchases took place over two days in September 2026, with the stock trading at $15.42, a 53% decline year-to-date. Schlacks acquired 2,100 shares on September 14 at a weighted average price of $18.00, and then purchased an additional 22,900 shares on September 15 at $17.76 per share.

This brings his direct ownership to 125,000 shares. Additionally, Schlacks indirectly owns 13,592,263 shares through EQS Heritage Holdings LLC and 714,285 shares through EQS Legacy Holdings LLC, but disclaims beneficial ownership for Section 16 purposes. The transactions were disclosed in a Form 4 filing with the SEC on September 16, 2026.

Despite the stock's recent downturn, EquipmentShare reported strong third-quarter 2026 results, beating expectations with adjusted earnings of $0.16 per share and revenue of $1.47 billion. Wells Fargo lowered its price target to $17.00, citing leverage concerns, but kept an Overweight rating. The company's dollar utilization stood at 38.4% for the quarter, up 390 basis points from the previous year.

Limited supply of used machinery, with earthmoving equipment down 11% and telehandlers down 4%, highlights EquipmentShare's market position.