Meaghan Lally - 19 Mar 2024 Form 3 Insider Report for ENTERPRISE BANCORP INC /MA/ (EBTC)

Role: EVP - Principal Subsidiary
Signature: /s/ John P. Clancy, Jr. as attorney-in-fact for Meaghan Lally-McGurl
Issuer symbol: EBTC
Transactions as of: 19 Mar 2024
Transactions value $: $0
Form type: 3
Filing time: 29 Mar 2024, 13:50:16
Next filing: 18 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EBTC	Common Stock						3.81K	19 Mar 2024	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
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	189	$21.86	Direct	F1
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	74	$30.46	Direct	F2
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	75	$34.33	Direct	F3
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	190	$29.84	Direct	F4
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	197	$28.22	Direct	F5
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	90	$32.73	Direct	F6
holding	EBTC	Option (Right to Buy)							19 Mar 2024	Common Stock	73	$38.58	Direct	F7

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

Explanation of Responses:

Id	Content
F1	Options vest 50% on the second anniversary of the grant date and 50% on the fourth anniversary of the grant date. The first installment vested on March 15, 2018. Options are fully vested.
F2	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 21, 2019. Options are fully vested.
F3	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 20, 2020. Options are fully vested.
F4	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 19, 2021. Options are fully vested.
F5	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 17, 2022. Options are fully vested.
F6	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 16, 2023.
F7	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vested on March 15, 2024.