Peter Rayno - 15 Mar 2022 Form 4 Insider Report for ENTERPRISE BANCORP INC /MA/ (EBTC)

Role: EVP - Principal Subsidiary
Signature: /s/ John P. Clancy, Jr. as attorney-in-fact for Peter Rayno
Issuer symbol: EBTC
Transactions as of: 15 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 17 Mar 2022, 15:03:17 UTC
Previous filing: 31 Jan 2022
Next filing: 25 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EBTC	Common Stock	Award	$0	+826	+7.8%	$0.000000	11,475	15 Mar 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EBTC	Stock Option (Right to Buy)	Award	$0	+391		$0.000000	391	15 Mar 2022	Common Stock	391	$38.58	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 1.3240 shares acquired through the Issuer's Employee Stock Purchase Plan on 3/4/22.
F2	Includes 8.6730 shares acquired through dividend reinvestment on 3/1/22.
F3	Options vest 50% on the second anniversary date of the grant and 50% on the fourth anniversary date of the grant. The first installment vests on March 15, 2024.