Steven J. Mead - Jul 12, 2024 Form 4 Insider Report for CAMBRIDGE BANCORP (CATC)

Role: SVP, Head of Commercial Serv.
Signature: /s/ Joseph P. Sapienza, as Attorney-In Fact
Stock symbol: CATC
Transactions as of: Jul 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/15/2024, 04:57 PM
Previous filing: Apr 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CATC	Common Stock	Disposed to Issuer		-2.94K	-100%		0	Jul 12, 2024	Direct	F1
transaction	CATC	Common Stock	Disposed to Issuer		-838	-100%		0	Jul 12, 2024	ESOP	F2

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

Steven J. Mead is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 7,117 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024, (ii) 496 Eastern restricted stock awards and (iii) 6,948 Eastern restricted stock unit awards, and in the case of (ii) and (iii), with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock award and Cambridge restricted stock unit award, respectively.
F2	Disposed of pursuant to the Merger Agreement in exchange for the right to receive 4,154 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.

Content

Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement") dated as of September 19, 2023, by and between Cambridge Bancorp ("Cambridge"), Cambridge Trust Company, Eastern Bankshares, Inc. ("Eastern"), Eastern Bank and Citadel MS 2023, Inc., in exchange for the right to receive (i) 7,117 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024, (ii) 496 Eastern restricted stock awards and (iii) 6,948 Eastern restricted stock unit awards, and in the case of (ii) and (iii), with the same terms, restrictions and vesting schedules as such existing Cambridge restricted stock award and Cambridge restricted stock unit award, respectively.

Disposed of pursuant to the Merger Agreement in exchange for the right to receive 4,154 shares of Eastern common stock, with a market value of $14.87 per share of Eastern common stock based on the closing price of Eastern common stock on July 12, 2024.