IANNACONE NICOLE M 4

What Happened

• Nicole M. Iannacone, SEVP and Chief Legal Officer of Enterprise Financial Services Corp. (EFSC), reported an acquisition of 462 shares of the company's common stock on 2026-06-30. The shares were acquired at $45.94 per share for a total of $21,224 under the company's 2018 Employee Stock Purchase Plan (ESPP).

Key Details

• Transaction date: 2026-06-30; Filing date: 2026-07-08 (appears to be more than two business days after the transaction).
• Transaction type/code: Other acquisition (code J) — ESPP purchase.
• Price and value: 462 shares × $45.94 = $21,224 (approx).
• Basis/price mechanics: Per footnote, shares were acquired based on 85% of the closing price on January 2, 2026 (ESPP lookback/discount feature).
• Exemption: Footnote states the ESPP purchase is exempt from short-swing profit liability under Section 16(b)-3(c).
• Shares owned after transaction: Not specified in the filing.
• Additional notes in the filing: The Form 4 also includes footnotes about outstanding option and RSU grants and their future vesting schedules, but those were not part of this reported ESPP purchase.

Context

• This was a routine ESPP purchase (an insider buy under a company plan), which many companies offer to employees and officers; such purchases are generally viewed as standard compensation/benefit activity rather than directional market bets.
• The filing indicates the ESPP discount/lookback determined the purchase price; nothing in the filing indicates an immediate sale of shares.