Mark G. Ponder - May 31, 2023 Form 4 Insider Report for ENTERPRISE FINANCIAL SERVICES CORP (EFSC)

Role: SEVP, Chief Admin. Officer
Signature: /s/ MARK G PONDER
Stock symbol: EFSC
Transactions as of: May 31, 2023
Transactions value $: $16,609
Form type: 4
Date filed: 6/7/2023, 03:04 PM
Previous filing: Mar 2, 2023
Next filing: Jan 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EFSC	Common Stock	Other	$16.6K	+481	+4.51%	$34.53	11.2K	May 31, 2023	Direct	F2, F3
holding	EFSC	Common Stock						794	May 31, 2023	401(K) Plan	F1
holding	EFSC	Common Stock						200	May 31, 2023	Self IRA
holding	EFSC	Common Stock						5.34K	May 31, 2023	Direct	F4

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)						4.52K	May 31, 2023	Common Stock	4.52K	$43.81	Direct	F5
holding	EFSC	Non Qualified Stock Option (Right to Buy)						4.88K	May 31, 2023	Common Stock	4.88K	$48.34	Direct	F6
holding	EFSC	Non Qualified Stock Option (Right to Buy)						4.93K	May 31, 2023	Common Stock	4.93K	$54.46	Direct	F7
holding	EFSC	Restricted Share Units						857	May 31, 2023	Common Stock	857		Direct	F8, F9
holding	EFSC	Restricted Share Units						862	May 31, 2023	Common Stock	862		Direct	F8, F10
holding	EFSC	Restricted Share Units						1.01K	May 31, 2023	Common Stock	1.01K		Direct	F8, F11
holding	EFSC	Restricted Share Units						9.98K	May 31, 2023	Common Stock	9.98K		Direct	F8, F12

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

Explanation of Responses:

Id	Content
F1	These securities are represented by units held in a unitized stock fund through the Company's 401(k) Plan. The unitized stock fund consists of cash and common stock in amounts that vary from time to time. The Reporting Person has 1,624 units in the 401(k) Plan, which units consisted of 794 shares of common stock.
F2	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 December 1, 2022 through May 31, 2023. This transaction is exempt under Section 16b-3(c).
F3	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 May 31, 2023.
F4	These shares are held jointly with spouse.
F5	This option becomes exercisable after a three year period on 2/25/24.
F6	This option becomes exercisable after a three year period on 2/24/25.
F7	The option becomes exercisable after a three year period on 2/28/26.
F8	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.
F9	The RSU's vest 100% in the first quarter of 2024, subject to continued employment by the reporting person.
F10	The RSU's vest 100% in the first quarter of 2025, subject to continued employment by the reporting person.
F11	The RSU vest 100% in the first quarter of 2026, subject to continued employment by the reporting person.
F12	The RSUs vest over six years in one-third installments on each of February 24, 2024, February 24, 2026, and February 24, 2028. Vesting is subject to continued employment of the reporting person. On each vesting date, for each RSU vesting on such date, the reporting person will receive one share of Common Stock.