[Form 4] Enterprise Financial Services Corporation Insider Trading Activity

Rhea-AI Filing Summary

Michael E. Finn, a director of Enterprise Financial Services Corp. (EFSC), reported changes in his beneficial ownership on Form 4. The filing shows Mr. Finn received 2,148 shares of common stock on 08/22/2025 under the company’s Non-Management Director Stock Plan at no cash cost, and the filing reports he beneficially owned 3,509 shares following the reported transactions. The form also records a disposition of 3,000 shares that are held jointly with his spouse. The Form 4 is signed by Michael E. Finn on 08/26/2025 and identifies his role as a director.

Positive

• Director equity grant of 2,148 shares under the Non-Management Director Stock Plan aligns director interests with shareholders
• Timely disclosure filed and signed, providing transparency on insider holdings

Negative

• Disposition of 3,000 shares reduces the reporting person’s stake (held jointly with spouse), which may be viewed as decreased insider ownership

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant and a separate spousal joint sale; typical for non-management director compensation and personal liquidity.

The 2,148-share issuance under the Non-Management Director Stock Plan appears to be a standard equity grant used to compensate outside directors and align their interests with shareholders. The separate 3,000-share disposition, noted as held jointly with the spouse, is a personal sale and not disclosed as part of any 10b5-1 plan. Neither transaction on its face indicates a corporate governance concern; both are common and informational for investors tracking insider holdings.

Securities Analyst

TL;DR: Small net change in insider holdings; no material change to ownership or control.

After receiving 2,148 shares at no cost and disposing of 3,000 shares, the reporting person’s beneficial ownership stands at 3,509 shares. For a publicly traded bank holding company, these transaction sizes are immaterial to company capitalization and unlikely to affect market valuation. The issuance reflects compensation practices; the sale appears to be a routine, personal transaction.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Finn Michael E

(Last) (First) (Middle)

150 N MERAMEC

(Street)

CLAYTON 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		2,148	A	$0(1)	3,509	D
Common Stock								3,000	D(2)

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.

2. These shares are held jointly with spouse.

	/s/ Michael E Finn	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 did EFSC director Michael E. Finn report on Form 4?

He reported receiving 2,148 shares under the Non-Management Director Stock Plan on 08/22/2025 and a disposition of 3,000 shares held jointly with his spouse. The form shows 3,509 shares beneficially owned following the transactions.

Were any shares issued to Michael E. Finn for no cash consideration?

Yes. The filing shows 2,148 shares issued under the Non-Management Director Stock Plan at a reported price of $0.

When was the Form 4 signed and filed?

The Form 4 bears the signature of Michael E. Finn dated 08/26/2025.

Does the filing indicate the 3,000 shares were part of a trading plan?

No. The filing notes the 3,000 shares are held jointly with spouse but does not indicate they were sold under a 10b5-1 trading plan.

What is Michael E. Finn’s relationship to EFSC?

The Form 4 identifies Michael E. Finn as a Director of Enterprise Financial Services Corp. (EFSC).