LALLY JAMES BRIAN 4

What Happened
James B. Lally, CEO and Director of Enterprise Financial Services Corp (EFSC), acquired 462 shares of EFSC common stock on June 30, 2026 at $45.94 per share, for a total reported value of $21,224. This was an employee stock purchase plan (ESPP) purchase—an acquisition rather than a sale.

Key Details

• Transaction date: 2026-06-30; Price: $45.94; Shares: 462; Total value: $21,224.
• Reporting/filing date: Form filed 2026-07-08 (filed eight days after the trade date; this is later than the typical two-business-day Form 4 reporting window).
• Mechanism: Acquired under the Issuer’s 2018 Employee Stock Purchase Plan (ESPP); transaction is reported as exempt under Section 16(b)-3(c) (see footnote F1).
• ESPP pricing detail: Shares were acquired based on 85% of the closing price on January 2, 2026 per plan terms (footnote F2).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Other footnotes in the filing reference outstanding RSUs and option vesting schedules for the reporting person (F7–F11), but those relate to awards/vesting rather than this ESPP purchase.

Context: ESPP purchases are common compensation-related acquisitions and often reflect routine participation in an employee benefit. The filing indicates this purchase was made at the ESPP discounted price (85% lookback), and the Form 4 lists it as an exempt ESPP acquisition under Section 16(b)-3(c). The later filing date may be worth noting for timeliness, but does not change the nature of the transaction.