Max Freifeld - 21 Jul 2021 Form 4 Insider Report for First Choice Bancorp

Role
Director
Signature
/s/ Khoi Dang, as attorney in fact for Max Freifeld
Issuer symbol
N/A
Transactions as of
21 Jul 2021
Net transactions value
$0
Form type
4
Filing time
22 Jul 2021, 19:26:23 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCBP Common Stock Disposed to Issuer $0 -66,171 -100% $0.000000* 0 21 Jul 2021 Direct F1
transaction FCBP Common Stock Disposed to Issuer $0 -123,969 -100% $0.000000* 0 21 Jul 2021 By Najes LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Max Freifeld is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares disposed of pursuant to the Agreement and Plan of Merger, dated as of April 26, 2021 (the "Merger Agreement"), by and among First Choice Bancorp. ("Issuer"), and Enterprise Financial Services Corp ("Enterprise"), on July 21, 2021, Issuer was merged with and into Enterprise, with Enterprise continuing as the surviving corporation (the "Merger"). At the time of the Merger, each share of Issuer common stock was converted into the right to receive Merger consideration consisting of 0.6603 shares of Enterprise common stock. Disposed shares includes unvested restricted stock previously granted under the First Choice Bancorp 2013 Omnibus Stock Incentive Plan which became fully vested at the time of the Merger and eligible to receive Merger Consideration.