[Form 4] Enterprise Financial Services Corporation Insider Trading Activity

Rhea-AI Filing Summary

Marcela Manjarrez, a director of Enterprise Financial Services Corp (EFSC), reported a non-derivative acquisition of 1,032 shares of EFSC common stock on 08/22/2025. The shares were issued under the companys Non-Management Director Stock Plan at a reported price of $0, increasing her beneficial ownership to 4,472 shares. The filing is a Form 4 disclosure of an insider issuance to a director and appears to be a routine equity grant under the board compensation plan.

Insights

Financial Analyst

TL;DR: Routine director equity grant; minor ownership change with limited market impact.

The Form 4 documents a standard issuance of 1,032 shares to a director under the Non-Management Director Stock Plan at a $0 reported price, increasing her beneficial stake to 4,472 shares. This is a compensation-related issuance rather than an open-market purchase or sale, so it does not directly signal trading intent. Given the size of the grant relative to typical public float and absence of additional transactions, the event is informational and unlikely to be materially price-moving on its own.

Corporate Governance Expert

TL;DR: Standard governance practice: director equity award disclosed as required by Section 16.

The filing satisfies Section 16 reporting for an equity award to a director under the issuers Non-Management Director Stock Plan. The $0 price indicates issuance rather than a purchase, consistent with director compensation programs designed to align interests. The disclosure is timely and reflects routine governance and compensation mechanics, with no additional governance issues or departures noted in the filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Manjarrez Marcela

(Last) (First) (Middle)

150 N. MERAMEC

(Street)

CLAYTON MO 63105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENTERPRISE FINANCIAL SERVICES CORP [ EFSC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		A		1,032	A	$0(1)	4,472	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares issued under the Non-Management Director Stock Plan.

	/s/ Marcela Manjarrez	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Marcela Manjarrez report on Form 4 for EFSC?

She reported an acquisition of 1,032 shares of EFSC common stock on 08/22/2025 under the Non-Management Director Stock Plan.

How many EFSC shares does Marcela Manjarrez beneficially own after the transaction?

Following the reported issuance she beneficially owns 4,472 shares.

What price was reported for the shares issued to the director?

The Form 4 reports a price of $0, reflecting an issuance under the director stock plan.

Was this Form 4 filing made by one reporting person or jointly?

The filing indicates it was filed by one reporting person.

What is the date of the earliest transaction disclosed on the Form 4?

The transaction date disclosed is 08/22/2025.