Grabar Law Office is investigating potential shareholder derivative claims on behalf of current shareholders of EquipmentShare.com, Inc. ("EquipmentShare" or the "Company") (NASDAQ: EQPT) concerning allegations that certain officers and directors may have breached their fiduciary duties by failing to adequately oversee related-party transactions, corporate disclosures, internal controls, and conflicts of interest.

The investigation follows the filing of a federal securities class action alleging that EquipmentShare failed to disclose the full extent of related-party transactions involving entities allegedly owned or controlled by the Company's co-founders.

Investigation Focus

According to a recently filed federal securities fraud class action complaint, EquipmentShare operates an equipment rental platform known as T3 and an equipment ownership program referred to as the OWN Program, through which equipment owners purchase equipment and lease it back for rental through the Company's marketplace.

The underlying class action complaint alleges that EquipmentShare's Registration Statement issued in connection with its January 2026 initial public offering, together with subsequent SEC filings, failed to disclose the full extent of related-party transactions involving entities allegedly affiliated with the Company's founders and inaccurately represented that certain related-party arrangements would be terminated or substantially reduced before the IPO.

Specifically, the complaint alleges that the Company failed to disclose:

• additional related-party transactions involving entities affiliated with the Company's co-founders;
• that certain transactions allegedly were not terminated or substantially reduced as represented;
• that the Company's financial statements and related-party disclosures were therefore materially misleading; and
• that public statements regarding the Company's business and operations allegedly lacked a reasonable basis.

Alleged Related-Party Transactions

The underlying class action complaint alleges that, while EquipmentShare disclosed numerous related-party transactions involving entities owned or controlled by its founders, additional affiliated entities and transactions allegedly were omitted from public disclosures.

According to the complaint, a June 24, 2026 research report alleged that EquipmentShare maintained an investment channel involving entities identified as EZ Equipment Zone, Bevel Financial, and Armada Fleet Management, and that these entities allegedly received substantial payments through the Company's OWN Program. The report further alleged the existence of numerous affiliated entities connected to the founders that allegedly were not fully disclosed to investors.

The complaint also alleges that EquipmentShare represented in its IPO Registration Statement that, prior to the offering, it expected to terminate or substantially reduce certain transactions with entities owned or controlled by the co-founders while simultaneously describing a policy under which future related-party transactions would be reviewed by the Company's Audit Committee.

Potential Corporate Governance Issues

Grabar Law Office's investigation is focused on whether EquipmentShare's directors and officers fulfilled their fiduciary obligations by:

• maintaining adequate oversight of related-party transactions;
• implementing effective controls designed to identify, evaluate, approve, and disclose conflicts of interest;
• ensuring that SEC filings accurately disclosed material related-party transactions;
• monitoring compliance with the Company's related-party transaction policies;
• overseeing disclosures concerning transactions involving entities affiliated with Company insiders; and
• maintaining appropriate internal controls over financial reporting and public disclosures.

Depending upon the facts ultimately established, these issues may support claims for breach of fiduciary duty, unjust enrichment, waste of corporate assets, contribution, or other remedies available under applicable law.

Stock Price Decline

According to the underlying class action complaint, on June 24, 2026, a research report was published alleging the existence of previously undisclosed related-party transactions involving entities affiliated with EquipmentShare's founders.

Following publication of the report, EquipmentShare's stock declined approximately 6.6% on June 24, 2026, followed by an additional decline of approximately 11.7% the following trading day. The complaint further alleges that the Company's stock subsequently traded more than 34% below its IPO price.

Why Shareholder Derivative Litigation?

A shareholder derivative action differs from a securities class action.

Rather than seeking recovery for purchasers of stock, a derivative action seeks relief on behalf of the corporation itself. Such actions may pursue claims arising from alleged failures of board oversight, deficient internal controls, undisclosed conflicts of interest, or other breaches of fiduciary duty that allegedly expose the corporation to significant financial, legal, and reputational harm.

Potential relief may include corporate governance reforms, enhanced compliance procedures, improved oversight of related-party transactions, recovery of damages suffered by the Company, and other equitable relief, including a court approved incentive award.

Current EquipmentShare Shareholders May Have Legal Rights

If you currently own EquipmentShare common stock, and acquired those shares on or around the Company’s January 23, 2026 IPO, you may have legal rights on behalf of the Company.

Grabar Law Office is investigating whether members of EquipmentShare's Board of Directors and certain officers breached their fiduciary duties by allegedly permitting or failing to prevent inadequate oversight of related-party transactions and related public disclosures.

Contact Grabar Law Office

If you are a current EquipmentShare shareholder who has held shares since on or around the Company’s January 23, 2026 IPO, and would like to discuss this investigation, please contact Joshua Grabar at jgrabar@grabarlaw.com, or call us at 267-507-6085.

There is no cost or obligation to discuss your potential legal rights.