Form 4: Ken S. Ansin Reports Changes in Beneficial Ownership of Enterprise Bancorp Inc. Shares

Director Ken S. Ansin reports acquisition of 1,223 shares of Enterprise Bancorp Inc. common stock and updates on beneficial ownership.

Summary

• On June 18, 2024, Ken S. Ansin, a director of Enterprise Bancorp Inc., reported a transaction involving the acquisition of 1,223 shares of common stock.
• The shares were acquired directly, with the price listed as $0.
• Following the transaction, Ansin's directly held shares amount to 6,831.6765.
• Ansin also indirectly owns shares through various trusts, including trusts for family members, grandchildren, and sons.
• These indirect holdings include 151,491 shares held by trust, 720,802 shares held by trust for Ronald M Ansin Family Members, 177,898 shares held by trust for Ronald M Ansin Grandchildren, 6,848 shares held by trust for Son G. Ansin, 10,051 shares held by trust for Son K. Ansin, and 2,345 shares held by Wife.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock ownership changes. The acquisition of shares by a director is generally viewed as a positive sign, but without additional context, it's difficult to gauge the overall impact.

Positives

• The acquisition of additional shares by a director may signal confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's stock.

Stakeholder Impact

• The reported transaction provides shareholders with insight into the actions of a key company insider.

Key Dates