Colleen Sullivan - Jun 11, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Director
Signature
/s/ By John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Jun 11, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 05:07 PM
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SICP Class A Common Stock 461 Jun 11, 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 SICP Restricted Stock Units Award $0 +674 +34.39% $0.00 2.63K Jun 11, 2021 Class A Common Stock 674 Direct F1, F2
holding SICP Restricted Stock Units 2.63K Jun 11, 2021 Class A Common Stock 1.96K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2 The restricted stock units vest fully on June 11, 2022. 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.
F3 The restricted stock units vest fully on July 20, 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 Common Stock shares that corresponds to the number of restricted stock units that vest on the vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.