Alan Lancaster - 25 Oct 2021 Form 4 Insider Report for SEVERN BANCORP INC

Role
Chief Credit Officer
Signature
Alan Lancaster
Issuer symbol
N/A
Transactions as of
25 Oct 2021
Net transactions value
+$106,350
Form type
4
Filing time
26 Oct 2021, 17:12:01 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVBI Common Stock Options Exercise $28,750 +5,000 +357% $5.75 6,400 25 Oct 2021 Direct
transaction SVBI Common Stock Options Exercise $43,520 +6,400 +100% $6.80 12,800 25 Oct 2021 Direct
transaction SVBI Common Stock Options Exercise $34,080 +4,800 +38% $7.10 17,600 25 Oct 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 -5,000 -100% 0 25 Oct 2021 Common Stock 5,000 $5.75 Direct F1
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -6,400 -80% 1,600 25 Oct 2021 Common Stock 8,000 $6.80 Direct F2
transaction SVBI Employee Stock Option (Right to Buy) Options Exercise -4,800 -60% 3,200 25 Oct 2021 Common Stock 8,000 $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.