Joseph P. Sapienza - Jul 12, 2024 Form 4 Insider Report for CAMBRIDGE BANCORP (CATC)

Role
SVP, Interim CFO
Signature
/s/ Joseph P. Sapienza, as Attorney-In Fact
Stock symbol
CATC
Transactions as of
Jul 12, 2024
Transactions value $
$0
Form type
4
Date filed
7/15/2024, 04:53 PM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CATC Common Stock Disposed to Issuer -3.69K -100% 0 Jul 12, 2024 Direct F1
transaction CATC Common Stock Disposed to Issuer -3.45K -100% 0 Jul 12, 2024 ESOP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph P. Sapienza is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 15,264 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024 and (ii) 3,013 Eastern restricted stock awards, with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock award.
F2 Disposed of pursuant to the Merger Agreement in exchange for the right to receive 17,099 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.