Alan Lancaster - Oct 25, 2021 Form 4 Insider Report for SEVERN BANCORP INC (SVBI)

Role
Chief Credit Officer
Signature
Alan Lancaster
Stock symbol
SVBI
Transactions as of
Oct 25, 2021
Transactions value $
$106,350
Form type
4
Date filed
10/26/2021, 05:12 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBI Common Stock Options Exercise $28.8K +5K +357.14% $5.75 6.4K Oct 25, 2021 Direct
transaction SVBI Common Stock Options Exercise $43.5K +6.4K +100% $6.80 12.8K Oct 25, 2021 Direct
transaction SVBI Common Stock Options Exercise $34.1K +4.8K +37.5% $7.10 17.6K Oct 25, 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 -5K -100% 0 Oct 25, 2021 Common Stock 5K $5.75 Direct F1
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -6.4K -80% 1.6K Oct 25, 2021 Common Stock 8K $6.80 Direct F2
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -4.8K -60% 3.2K Oct 25, 2021 Common Stock 8K $7.10 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 December 22, 2016.
F2 Options vest over a 5-year period beginning November 22, 2017.
F3 Options vest over a 5-year period beginning December 19, 2018.