Enterprise Financial (EFSC) files Form 144 for 1,655-share insider sale

Rhea-AI Filing Summary

Enterprise Financial Services Corporation (EFSC) has filed a Form 144 to disclose a proposed insider sale. James Lally intends to sell 1,655 common shares through Fidelity Brokerage Services on 24 June 2025 on the NASDAQ. The shares have an aggregate market value of $91,092.16, implying a price of roughly $55 per share. EFSC has 36.93 million shares outstanding, so the planned sale represents approximately 0.004% of the float.

The filing also lists prior insider sales by the same seller in the last three months:

• 4,689 shares on 12 May 2025 for $258,757.14
• 2,206 shares on 13 May 2025 for $121,411.50
• 400 shares on 15 May 2025 for $22,004.00

Including the upcoming transaction, Lally has either sold or signalled intent to sell 8,950 shares since May, equal to roughly 0.024% of shares outstanding.

The shares were acquired via restricted-stock vesting on 30 January 2023 and are being disposed of for personal account purposes. No other material financial or strategic information is presented in the filing.

Positive

• None.

Negative

• Consecutive insider sales (8,950 shares in total since May 2025) may signal reduced insider confidence, although size is immaterial.

Insights

Equity Analyst

TL;DR: Small insider sale; immaterial to EFSC fundamentals, but trend worth monitoring.

Form 144 shows James Lally intends to sell 1,655 shares (~$91k). Combined with 7,295 shares sold in May, total insider disposals reach 8,950 shares, only 0.024% of the 36.9 million shares outstanding. The dollar amounts are minor relative to EFSC’s market cap, so immediate price impact should be negligible. Still, consecutive sales can be an early sentiment indicator, so investors may watch for additional filings or larger dispositions. No operational data is included; therefore this filing is neutral to the investment thesis.

Corporate Governance Specialist

TL;DR: Routine Rule 144 notice; confirms compliance, no red flags disclosed.

The Form 144 demonstrates adherence to SEC Rule 144 disclosure rules and affirms the seller’s statement of possessing no undisclosed adverse information. Acquisition source—restricted stock vesting—is customary for executives. The filing’s completeness and use of a brokerage suggest orderly execution, aligning with governance best practices. Because transaction size is immaterial and no policy breaches are noted, overall impact on governance perception is neutral.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1655	91092.16	36932680	06/24/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/30/2023	Restricted Stock Vesting	Issuer			1655	01/30/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
James Lally 150 North Meramec Clayton MO 63105	Common	05/12/2025	4689	258757.14
James Lally 150 North Meramec Clayton MO 63105	Common	05/13/2025	2206	121411.50
James Lally 150 North Meramec Clayton MO 63015	Common	05/15/2025	400	22004.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does EFSC's latest Form 144 disclose?

The filing reveals James Lally plans to sell 1,655 EFSC common shares worth about $91,092 on 24 June 2025.

How many EFSC shares has the insider sold recently?

Including the planned sale, Lally has disposed of 8,950 shares since 12 May 2025.

What percentage of EFSC’s shares outstanding do the sales represent?

The 8,950 shares equal roughly 0.024% of EFSC’s 36.93 million shares outstanding.

When were the shares originally acquired?

They were obtained via restricted-stock vesting on 30 January 2023 as compensation.

On which exchange will the proposed sale occur?

The planned sale is set for the NASDAQ.

Who is the broker for the planned transaction?

Fidelity Brokerage Services LLC in Smithfield, Rhode Island.