THOMAS C. DIRCKS - 29 May 2021 Form 4 Insider Report for Silvergate Capital Corp

Role: Director
Signature: /s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 29 May 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Jun 2021, 17:43:23 UTC
Previous filing: 28 May 2021
Next filing: 03 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SICP	Class A Common Stock	Options Exercise	$0	+2,056	+16%	$0.000000	14,821	29 May 2021	Direct	F1
holding	SICP	Class A Common Stock						65,900	29 May 2021	By Charter Digital LLC
holding	SICP	Class A Common Stock						46,299	29 May 2021	By Dircks Family LLC
holding	SICP	Class A Common Stock						23,183	29 May 2021	By Family Foundation

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	-2,056	-100%	$0.000000^*	0	29 May 2021	Class A Common Stock	2,056		Direct	F1, F2

* 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	The restricted stock units vest in full 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 ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date.