Eric Keitz - Jul 27, 2021 Form 4 Insider Report for SEVERN BANCORP INC (SVBI)

Role: Director
Signature: Eric M. Keitz
Stock symbol: SVBI
Transactions as of: Jul 27, 2021
Transactions value $: $39,900
Form type: 4
Date filed: 7/27/2021, 05:31 PM
Next filing: Aug 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SVBI	Common Stock	Options Exercise	$11.5K	+2K	+5%	$5.75	42K	Jul 27, 2021	Direct
transaction	SVBI	Common Stock	Options Exercise	$28.4K	+4K	+9.52%	$7.10	46K	Jul 27, 2021	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	SVBI	Employee Stock Option (Right to Buy)	Options Exercise		-2K	-100%		0	Jul 27, 2021	Common Stock	2K	$5.75	Direct	F6
transaction	SVBI	Employee Stock Option (Right to Buy)	Options Exercise		-4K	-25%		12K	Jul 27, 2021	Common Stock	16K	$7.10	Direct	F5
holding	SVBI	Employee Stock Option (Right to Buy)						1.5K	Jul 27, 2021	Common Stock	1.5K	$7.10	Direct	F4
holding	SVBI	Employee Stock Option (Right to Buy)						2K	Jul 27, 2021	Common Stock	2K	$6.80	Direct	F1
holding	SVBI	Employee Stock Option (Right to Buy)						4K	Jul 27, 2021	Common Stock	4K	$7.10	Direct	F2
holding	SVBI	Employee Stock Option (Right to Buy)						1.5K	Jul 27, 2021	Common Stock	1.5K	$8.26	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Options vest over a 5-year period beginning November 22, 2017.
F2	Options vest over a 5-year period beginning December 19, 2018.
F3	Options vest over a 5-year period beginning February 25, 2021.
F4	Options vest over a 5-year period beginning December 22, 2021
F5	Options vest over a 5-year period beginning August 23, 2018.
F6	These stock options were granted on December 22, 2015, and vested and became exercisable in five equal installments on the first five anniversaries of the grant date.