Steven R. Larochelle - 03 Feb 2023 Form 4 Insider Report for ENTERPRISE BANCORP INC /MA/ (EBTC)

Role: EVP - Principal Subsidiary
Signature: /s/ John P. Clancy, Jr. as attorney-in-fact for Steven R Larochelle
Issuer symbol: EBTC
Transactions as of: 03 Feb 2023
Net transactions value: -$10,206
Form type: 4
Filing time: 07 Feb 2023, 14:08:58 UTC
Previous filing: 30 Jan 2023
Next filing: 23 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBTC	Common Stock	Options Exercise	$24,645	+1,500	+4.1%	$16.43	37,887	03 Feb 2023	Direct
transaction	EBTC	Common Stock	Tax liability	$34,851	-967	-2.6%	$36.04	36,920	03 Feb 2023	Direct

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
transaction	EBTC	Option (Right to Buy)	Options Exercise		-1,500	-100%		0	03 Feb 2023	Common Stock	1,500	$16.43	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Exercise of an option.