Kathleen Fraher - Nov 19, 2023 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Transition Officer
Signature
/s/ Kathleen Fraher
Stock symbol
SICP
Transactions as of
Nov 19, 2023
Transactions value $
-$148
Form type
4
Date filed
11/21/2023, 04:30 PM
Previous filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $0 +1.2K +10.58% $0.00 12.6K Nov 19, 2023 Direct F1
transaction SICP Class A Common Stock Tax liability -$148 -491 -3.91% $0.30 12.1K Nov 19, 2023 Direct

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 SICP Restricted Stock Units Options Exercise $0 -1.2K -100% $0.00* 0 Nov 19, 2023 Class A Common Stock 1.2K Direct F2, F3
holding SICP Restricted Stock Units 294 Nov 19, 2023 Class A Common Stock 294 Direct F2, F4
holding SICP Restricted Stock Units 1.05K Nov 19, 2023 Class A Common Stock 1.05K Direct F2, F5
holding SICP Restricted Stock Units 4.51K Nov 19, 2023 Class A Common Stock 4.51K Direct F2, F6
holding SICP Non-Qualified Stock Options 7.08K Nov 19, 2023 Class A Common Stock 7.08K $16.09 Direct F7
holding SICP Non-Qualified Stock Options 3.65K Nov 19, 2023 Class A Common Stock 3.65K $110.84 Direct F8
holding SICP Non-Qualified Stock Options 2.12K Nov 19, 2023 Class A Common Stock 2.12K $127.56 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 The restricted stock units were granted on November 19, 2019 and vest in four equal annual installments beginning on November 19, 2020, the last of which occurred on November 19, 2023. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.
F4 The restricted stock units were granted on February 26, 2021 and vest in three equal annual installments beginning on February 26, 2022. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F5 The restricted stock units were granted on February 22, 2022 and vest in three equal annual installments beginning on February 22, 2023. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F6 The restricted stock units were granted on February 22, 2022 and vest in two equal installments, on February 22, 2025, and February 22, 2026. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F7 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F8 The option becomes exercisable in three annual installments beginning February 22, 2023.
F9 The option becomes exercisable in three annual installments beginning February 26, 2022.