Kathleen Fraher - Aug 27, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Operating Officer
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Aug 27, 2021
Transactions value $
-$252,148
Form type
4
Date filed
8/30/2021, 06:38 PM
Previous filing
Aug 6, 2021
Next filing
Sep 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Sale -$252K -2.2K -15.85% $114.61 11.7K Aug 27, 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
holding SICP Restricted Stock Units 881 Aug 27, 2021 Class A Common Stock 881 Direct F1, F2
holding SICP Non-Qualified Stock Options 2.12K Aug 27, 2021 Class A Common Stock 2.12K $127.56 Direct F3
holding SICP Restricted Stock Units 3.61K Aug 27, 2021 Class A Common Stock 3.61K Direct F1, F4
holding SICP Non-Qualified Stock Options 0 Aug 27, 2021 Class A Common Stock 8.75K $12.00 Direct
holding SICP Non-Qualified Stock Options 10.6K Aug 27, 2021 Class A Common Stock 10.6K $16.09 Direct F5
* 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 in three equal annual installments beginning on February 26, 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 Class A Common Stock 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, and local taxes of any kind.
F3 The option becomes exercisable in three annual installments beginning February 26, 2022.
F4 The restricted stock units vest in four equal annual installments beginning on November 19, 2020. 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, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.
F5 The option becomes exercisable in four equal annual installments beginning November 18, 2020.