(EBTC)

Reporting relationship: Chairman, Director
Issuer ticker: EBTC
Reported as of: 01 Jul 2025
Net transaction value: -$136,243
SEC form: 4
Accepted by SEC: 01 Jul 2025, 15:33:37 UTC
Prior SEC filing: 22 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Joseph R. Lussier as attorney-in-fact for George L. Duncan

Key filing fact

George L. Duncan filed Form 4 for ENTERPRISE BANCORP INC /MA/ (EBTC) on 01 Jul 2025.

Key facts

This page summarizes George L. Duncan's Form 4 filing for ENTERPRISE BANCORP INC /MA/ (EBTC).
11 reported transactions and 7 derivative rows are listed below.
Accepted by SEC: 01 Jul 2025, 15:33.

Change

Previous filing in this sequence was filed on 22 Apr 2025.
Current net transaction value: -$136,243.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001282776 Primary reporting owner

DUNCAN GEORGE L

Relationship: Chairman, Director
Address: C/O ENTERPRISE BANCORP, 222 MERRIMACK STREET, LOWELL
Signature: /s/ Joseph R. Lussier as attorney-in-fact for George L. Duncan
Signature date: 01 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EBTC transaction

Common Stock

Tax liability

Transaction value: $136,243
Shares: -3,437
Change %: -0.95%
Price: $39.64
Shares after: 360,206
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1

EBTC transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -360,206
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1, F2

EBTC transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -18,445
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: By Estate
Footnotes: F2

EBTC transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -49,164
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: By Trust
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EBTC transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -3,095
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,095
Exercise price: $21.86
Footnotes: F3

EBTC transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -2,157
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,157
Exercise price: $30.46
Footnotes: F3

EBTC transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -2,040
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,040
Exercise price: $34.33
Footnotes: F3

EBTC transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -2,810
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,810
Exercise price: $29.84
Footnotes: F3

EBTC transaction Derivative

Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -2,909
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,909
Exercise price: $28.22
Footnotes: F3

EBTC transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -2,046
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,046
Exercise price: $32.73
Footnotes: F3

EBTC transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -1,698
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,698
Exercise price: $38.58
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

George L. Duncan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

In accordance with the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time (as defined in the Merger Agreement) to the extent not previously forfeited, and was considered outstanding shares of Enterprise common entitled to receive the Merger Consideration (as defined in the Merger Agreement).

Footnote F2

Pursuant to the Agreement and Plan of Merger, dated as of December 8, 2024 (the "Merger Agreement"), by and among Enterprise Bancorp, Inc. ("Enterprise"), Enterprise Bank and Trust Company, Independent Bank Corp. ("Independent") and Rockland Trust Company, each issued and outstanding share of Enterprise common stock was converted into the right to receive (i) $2.00 in cash and (ii) 0.60 shares of Independent common stock (subject to the payment of cash in lieu of fractional shares).

Footnote F3

In accordance with the Merger Agreement, each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Enterprise common stock provided for in such option and (ii) the excess, if any, of the Per Share Cash Equivalent Consideration (as defined in the Merger Agreement) over the exercise price per share of Enterprise common stock provided for in such option, which cash payment was made without interest and was net of all applicable withholding taxes.