BAUCHE DOUGLAS 4
4 · ENTERPRISE FINANCIAL SERVICES CORP · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Enterprise Financial (EFSC) SVP Douglas Bauche Buys 453 Shares
What Happened
- Douglas Bauche, Senior Executive Vice President and Chief Banking Officer of Enterprise Financial Services Corp. (EFSC), acquired 453 shares of EFSC common stock on June 30, 2026 via the company’s Employee Stock Purchase Plan (ESPP).
- The reported price was $45.94 per share, for a total value of approximately $20,811. The transaction is listed as code “J” (other acquisition).
Key Details
- Transaction date: 2026-06-30. Form 4 filed: 2026-07-08.
- Price: $45.94 per share; Total value: $20,811.
- Transaction type: ESPP purchase (reported as “other acquisition” — code J).
- Price basis: Per footnote, the shares were acquired based on 85% of the closing price on January 2, 2026 (ESPP discount).
- Exemption: Footnote indicates the ESPP purchase is exempt under Section 16(b)-3(c).
- Shares owned after the transaction: Not specified in the provided report.
- Filing timeliness: Form 4 lists filing date; no late-filing flag was provided in the data you gave.
Context
- ESPP purchases are typically payroll-deducted, discounted purchases that are often automatic and exempt from short-swing profit rules when made under an approved plan. Such purchases can be seen as a routine way for insiders to increase holdings; they may be regarded as more informative than sales but do not prove intent or future company performance.
- The same filing includes other footnotes about RSUs and option vesting schedules (F3–F10) that describe other awards/holdings but are not directly part of this ESPP transaction.
Insider Transaction Report
Form 4
BAUCHE DOUGLAS
SEVP, Chief Banking Officer
Transactions
- Other
Common Stock
[F1][F2]2026-06-30$45.94/sh+453$20,811→ 28,874 total
Holdings
- 3,282(indirect: By 401(k))
Common Stock
[F3] - 4,730
Non Qualified Stock Option (Right to Buy)
Exercise: $43.81From: 2024-02-06Exp: 2031-02-25→ Common Stock (4,730 underlying) - 5,081
Non Qualified Stock Option (Right to Buy)
Exercise: $48.34From: 2025-02-03Exp: 2032-02-24→ Common Stock (5,081 underlying) - 5,105
Non Qualified Stock Option (Right to Buy)
Exercise: $54.46From: 2026-02-10Exp: 2033-02-28→ Common Stock (5,105 underlying) - 7,786
Non Qualified Stock Option (Right to Buy)
[F4]Exercise: $39.50Exp: 2034-02-28→ Common Stock (7,786 underlying) - 4,100
Non Qualified Stock Option (Right to Buy)
[F5]Exercise: $57.17Exp: 2035-03-04→ Common Stock (4,100 underlying) - 1,487
Restricted Share Units
[F6][F7]→ Common Stock (1,487 underlying) - 1,371
Restricted Share Units
[F6][F8]→ Common Stock (1,371 underlying) - 1,845
Restricted Share Units
[F6][F9]→ Common Stock (1,845 underlying) - 3,326
Restricted Share Units
[F6][F10]→ Common Stock (3,326 underlying)
Footnotes (10)
- [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 January 1, 2026, through June 30, 2026. This transaction is exempt under Section 16b-3(c).
- [F10]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.
- [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 January 2, 2026.
- [F3]These securities are shares of EFSC common stock held through the Company's 401(k) Plan.
- [F4]This option becomes exercisable in the first quarter of 2027, subject to continued employment by the reporting person.
- [F5]The option becomes exercisable in the first quarter of 2028, subject to continued employment by the reporting person.
- [F6]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.
- [F7]The RSU's vest 100% in the first quarter of 2027, subject to continued employment by the reporting person.
- [F8]The RSU's vest 100% in the first quarter of 2028, subject to continued employment by the reporting person.
- [F9]The RSU's vest 100% in the first quarter of 2029, subject to continued employment by the reporting person.
Signature
/s/ Douglas Bauche|2026-07-08