Form 4: Ken S. Ansin Reports Significant Enterprise Bancorp Stock Transaction

Director Ken S. Ansin reports the disposition of 120,000 shares of Enterprise Bancorp stock and updates beneficial ownership.

Summary

• On February 27, 2024, Ken S. Ansin, a director of Enterprise Bancorp INC /MA/ (EBTC), reported a transaction involving the disposition of 120,000 shares of common stock at a price of $25.25 per share.
• Following the transaction, Ansin's directly held common stock is 5,506.5806 shares.
• Ansin also has indirect ownership through various trusts, including a trust for Ronald M Ansin Family Members (720,802 shares), a trust (151,491 shares), a trust for Ronald M Ansin Grandchildren (177,898 shares), a trust for Son G. Ansin (6,848 shares), a trust for Son K. Ansin (10,051 shares), and through his wife (2,345 shares).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock transaction. It doesn't inherently convey positive or negative sentiment, but the disposition of shares could be interpreted neutrally or slightly negatively depending on the context.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a publicly traded company buy or sell the company's stock. This provides transparency to the market regarding the actions of company leadership.

Key Dates