BAUCHE DOUGLAS 4

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.