Explosive eruptions at steep-sided volcanoes may develop with complex precursor activity occurring in a poorly-understood magma plumbing system so that timelines and possible interactions with the geologic surrounding are often unresolved. Here we investigate the episode prior to the energetic December 20, 2017 eruption at Bezymianny volcano, Kamchatka. We compare degassing activity inferred from time-lapse camera images, seismicity and real-time seismic amplitude (RSAM) data derived from a temporary station network, as well as high-resolution InSAR displacement maps. Results show that the first changes can be identified in low-frequency seismicity and degassing at least 90 days before the eruption, while the first volcano-tectonic (VT) seismicity occurred 50 days before the eruption. Coinciding with significant changes of the RSAM, surface displacements affect the volcanic flanks at least 9 days prior to the eruption. Inversion modeling of the pre-eruptive surface deformation as well as deflation-type, co-eruptive surface changes indicate the presence of a shallow and transient reservoir. We develop a conceptual model for Bezymianny volcano initiating with deep seismicity, followed by shallow events, rockfalls, steaming and an inflating reservoir. The eruption is then associated with subsidence, caused by deflation of the same reservoir. This sequence and conceivable causality of these observations are providing a valuable contribution to our understanding of the shallow magma plumbing system beneath Bezymianny and may have relevance for volcano monitoring and early warning strategies at similar volcanoes elsewhere.