[Form 4] Enterprise Financial Services Corporation Insider Trading Activity

Rhea-AI Filing Summary

Enterprise Financial Services Corp director Michael Holmes reported insider stock activity on Form 4. On 08/22/2025 he acquired 2,321 shares of Common Stock under the company's Non-Management Director Stock Plan at a reported price of $0, increasing his direct holdings to 3,272 shares. In addition, he holds 19,272 shares indirectly through a trust. The filing is a single-report Form 4 covering non-derivative transactions and the acquisition reflects issuance under the director compensation plan.

Positive

• Director equity alignment: Holmes received shares under the Non-Management Director Stock Plan, aligning his interests with shareholders.
• Clear disclosure: Form 4 reports both direct (3,272) and indirect (19,272) holdings, providing transparency of beneficial ownership.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received equity compensation under the non-management director plan, modestly increasing direct ownership while retaining substantial trust holdings.

The reported issuance of 2,321 shares at $0 is documented as compensation rather than an open-market purchase, indicating standard director equity grant treatment. Direct ownership rose to 3,272 shares while indirect trust holdings remain material at 19,272 shares. For governance review, this is routine director compensation alignment with shareholder interests; no derivatives, dispositions, or unusual transactions were reported.

Securities Analyst

TL;DR: Transaction is a routine grant under the director stock plan and is not a market-moving sale or purchase.

From a market-impact perspective, the issuance is small in absolute share count and noted at $0 price consistent with compensation issuance. No cash proceeds, sales, or option exercises were disclosed. The filing supplies clear counts for direct and indirect holdings but lacks valuation context beyond the $0 issuance notation.

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
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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^*

Holmes Michael

(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		2,321	A	$0(1)	3,272	D
Common Stock								19,272	I	By Trust

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/ Michael R. Holmes	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 Michael Holmes report on Form 4 for EFSC?

He reported acquisition of 2,321 shares on 08/22/2025 under the Non-Management Director Stock Plan, noted at a price of $0.

How many EFSC shares does Michael Holmes directly and indirectly own after the transaction?

He directly owns 3,272 shares and indirectly holds 19,272 shares through a trust.

Was the Form 4 transaction a purchase, sale, or compensation grant?

The filing indicates the shares were issued under the company’s Non-Management Director Stock Plan, i.e., a compensation grant.

Did the Form 4 report any derivative transactions or dispositions?

No. The filing only reports non-derivative acquisitions and no dispositions or derivative securities.

When was the Form 4 signed by the reporting person?

The signature block shows the form was signed by Michael R. Holmes on 08/26/2025.