Enterprise Bancorp (EBTC) executive Collins gave up 1,237 shares at $39.64 to cover taxes or an exercise price

Insider transactions reported

Brian Michael Collins (EVP-Principal Subsidiary at Enterprise Bancorp Inc, EBTC) reported that they gave up 1,237 shares at $39.64 to cover taxes or an exercise price, and returned to the company 13,139.84 shares on Jul 1, 2025. After these transactions the filing shows 0 shares held directly.

Reporting person

Collins Brian Michael

Role

EVP-Principal Subsidiary

Options and other derivatives

Holdings before and after

• Common Stock: 14,376.8436 to 0 direct
• Option (Right to Buy): 793 to 0 direct

Footnotes from the filing

1. 1. In accordance with the Merger Agreement, all unvested shares of restricted stock automatically vested in full at the Effective Time (as defined in the Merger Agreement) to the extent not previously forfeited, and was considered outstanding shares of Enterprise common entitled to receive the Merger Consideration (as defined in the Merger Agreement).
2. 2. Pursuant to the Agreement and Plan of Merger, dated as of December 8, 2024 (the Merger Agreement ), by and among Enterprise Bancorp, Inc. ( Enterprise ), Enterprise Bank and Trust Company, Independent Bank Corp. ( Independent ) and Rockland Trust Company, each issued and outstanding share of Enterprise common stock was converted into the right to receive (i) $2.00 in cash and (ii) 0.60 shares of Independent common stock (subject to the payment of cash in lieu of fractional shares).
3. 3. In accordance with the Merger Agreement, each option to purchase Issuer common stock, whether vested or unvested, automatically converted to the right to receive a cash payment equal to (i) the number of shares of Enterprise common stock provided for in such option and (ii) the excess, if any, of the Per Share Cash Equivalent Consideration (as defined in the Merger Agreement) over the exercise price per share of Enterprise common stock provided for in such option, which cash payment was made without interest and was net of all applicable withholding taxes.

Transaction codes in this filing

Shares withheld for taxes or exercise price:

Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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