Troy Dumlao - 30 Nov 2021 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role: SVP, Chief Accounting Officer
Signature: /s/ Troy Dumlao
Issuer symbol: EFSC
Transactions as of: 30 Nov 2021
Net transactions value: +$5,990
Form type: 4
Filing time: 03 Dec 2021, 10:59:54 UTC
Previous filing: 12 Nov 2021
Next filing: 28 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EFSC	Common Stock	Other	$5,990	+152	+6%	$39.41	2,672	30 Nov 2021	Direct	F1, F2
holding	EFSC	Depository Shares						400	30 Nov 2021	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	EFSC	Non Qualified Stock Option (Right to Buy)						1,058	30 Nov 2021	Common Stock	1,058	$43.81	Direct	F4
holding	EFSC	Restricted Share Units						366	30 Nov 2021	Common Stock	366		Direct	F5, F6
holding	EFSC	Restricted Share Units						737	30 Nov 2021	Common Stock	737		Direct	F5, F7
holding	EFSC	Restricted Share Units						989	30 Nov 2021	Common Stock	989		Direct	F5, F8

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

Explanation of Responses:

Id	Content
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 June 1, 2021 through November 30, 2021. This transaction is exempt under Section 16b-3(c).
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 November 30, 2021.
F3	1. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 5.00% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Depositary Shares were purchased in an underwritten public offering.
F4	The Options vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 25, 2024
F5	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.
F6	The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on April 1, 2022. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.
F7	The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 26, 2023. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.
F8	The RSUs vest at a rate of 33% annually over three years, subject to continued employment of the reporting person. Vesting occurs on the anniversary date of the grant each year, with final vest occurring on February 25, 2024. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.