Neil Chheda, a director and 10% owner of EquipmentShare.com Inc, filed a Form 4 on October 28, 2026, disclosing two acquisitions of Class A Common Stock in Madoda Engala LLC during July and October 2026.

Key Highlights

  • July 22, 2026 transaction: Madoda Engala LLC acquired 59,923 shares of Class A Common Stock at $0, received as a pro rata in-kind distribution from a limited liability company to its members for no additional consideration.
  • October 26, 2026 transaction: Madoda Engala LLC acquired 13,390 shares of Class A Common Stock at $0, received in connection with a distribution of shares held by Romulus Capital II LP to its limited partners, pro rata and without consideration.
  • Post-transaction indirect holdings via Madoda Engala: 73,853 shares of Class A Common Stock held indirectly by Madoda Engala LLC following the October 26 acquisition.
  • Additional indirect holdings: The filing also reports 40,476,688 shares held by Romulus Capital III L.P., 6,365,296 shares by Romulus EquipmentShare Growth L.P., 2,802,872 shares by Romulus EquipmentShare Growth II L.P., and 182,000 shares by Romulus EquipmentShare Growth III L.P.
  • Rule 16a-9(a) reliance: According to the filing, the October 26 acquisition "was made in accordance with the exemptions afforded by Rule 16a-9(a) of the Securities Exchange Act."
  • Disclaimer of beneficial ownership: The filing states Neil Chheda disclaims beneficial ownership of shares reported herein except to the extent of his pecuniary interest, and inclusion shall not be deemed an admission of beneficial ownership for Section 16 purposes.

Chheda and Affiliated Entities Report Class A Share Acquisitions in EquipmentShare.com

According to the filing, Neil Chheda, identified as a director and 10% owner of EquipmentShare.com Inc (NASDAQ:EQPT), disclosed two transactions involving Class A Common Stock held indirectly through Madoda Engala LLC. The first transaction on July 22, 2026, involved 59,923 shares acquired at $0 as a pro rata in-kind distribution to members of a limited liability company for no additional consideration. The transaction code for both acquisitions is listed as "J."

The second transaction, dated October 26, 2026, involved 13,390 shares also acquired at $0. The filing states these shares were "received in connection with the distribution of shares held by Romulus Capital II LP to its limited partners, pro rata and without consideration," and that the acquisition was made under the exemptions of Rule 16a-9(a) of the Securities Exchange Act. Following this transaction, Madoda Engala LLC held a total of 73,853 shares indirectly.

In addition to the Madoda Engala holdings, the filing discloses substantial indirect beneficial ownership through several Romulus-affiliated entities. Romulus Capital III L.P. holds 40,476,688 shares, Romulus EquipmentShare Growth L.P. holds 6,365,296 shares, Romulus EquipmentShare Growth II L.P. holds 2,802,872 shares, and Romulus EquipmentShare Growth III L.P. holds 182,000 shares. Neil Chheda is identified as the managing member of Romulus Capital Partners II LLC, which serves as general partner for several of these entities. The filing states Chheda disclaims beneficial ownership of all reported shares beyond his pecuniary interest in each entity.

What Was Disclosed

The filing reported two indirect acquisitions of Class A Common Stock in EquipmentShare.com by Neil Chheda through Madoda Engala LLC, both at $0 price via distributions, along with existing indirect holdings across four Romulus-affiliated partnerships totaling more than 49.8 million shares.