Scott A. Reed - May 27, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
May 27, 2021
Transactions value $
-$1,154,746
Form type
4
Date filed
5/28/2021, 04:36 PM
Previous filing
May 12, 2021
Next filing
Jun 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Sale -$935K -8.11K -9.65% $115.30 76K May 27, 2021 Direct F1
transaction SICP Class A Common Stock Sale -$220K -1.89K -2.49% $116.22 74.1K May 27, 2021 Direct F2

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
holding SICP Restricted Stock Units 2.06K May 27, 2021 Class A Common Stock 2.06K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $115.00 to $115.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 This transaction was executed in multiple trades at prices ranging from $116.00 to $116.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 The restricted stock units vest fully on May 29, 2021. 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 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.