Douglas Bauche - Jun 3, 2024 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role: SEVP, Chief Credit Officer
Signature: /s/ Douglas Bauche
Stock symbol: EFSC
Transactions as of: Jun 3, 2024
Transactions value $: $17,431
Form type: 4
Date filed: 6/12/2024, 10:45 AM
Previous filing: Mar 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EFSC	Common Stock	Other	$17.4K	+538	+2.85%	$32.40	19.4K	Jun 3, 2024	Direct	F1, F2
holding	EFSC	Common Stock						2.85K	Jun 3, 2024	401(K) Plan	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	EFSC	Non Qualified Stock Option (Right to Buy)						4.73K	Jun 3, 2024	Common Stock	4.73K	$43.81	Direct
holding	EFSC	Non Qualified Stock Option (Right to Buy)						5.08K	Jun 3, 2024	Common Stock	5.08K	$48.34	Direct	F4
holding	EFSC	Non Qualified Stock Option (Right to Buy)						5.11K	Jun 3, 2024	Common Stock	5.11K	$54.46	Direct	F5
holding	EFSC	Non Qualified Stock Option (Right to Buy)						7.79K	Jun 3, 2024	Common Stock	7.79K	$39.50	Direct	F6
holding	EFSC	Restricted Share Units						898	Jun 3, 2024	Common Stock	898		Direct	F7, F8
holding	EFSC	Restricted Share Units						1.04K	Jun 3, 2024	Common Stock	1.04K		Direct	F7, F9
holding	EFSC	Restricted Share Units						1.49K	Jun 3, 2024	Common Stock	1.49K		Direct	F7, F10
holding	EFSC	Restricted Share Units						6.65K	Jun 3, 2024	Common Stock	6.65K		Direct	F7, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person is voluntarily reporting the acquisition of shares of the Issuer's common stock pursuant to the Issuer's 2018 Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of December 1, 2023, through May 31, 2024. This transaction is exempt under Section 16b-3(c).
F2	In accordance with the terms of the ESPP, the reported shares were acquired based on 85% of the closing price of the Issuer's common stock on June 3, 2024.
F3	These securities are represented by units held in a unitized stock fund through the Company's 401(k) Plan. The unitized stock fund consists of cash and common stock in amounts that vary from time to time.
F4	This option becomes exercisable in the first quarter of 2025, subject to continued employment by the reporting person.
F5	This option becomes exercisable in the first quarter of 2026, subject to continued employment by the reporting person.
F6	This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
F7	The RSU's were granted pursuant to the Company's 2018 Stock Incentive Plan. Each RSU represents the right to receive one share of Common Stock, subject to adjustment as provided in the Grant Agreement.
F8	The RSU's vest 100% in the first quarter of 2025, subject to continued employment by the reporting person.
F9	The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F10	The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
F11	The RSUs vest over six years in one-third installments on each of February 24, 2024, February 24, 2026, and February 24, 2028. Vesting is subject to continued employment of the reporting person. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.