Frank Dennis S - Sep 13, 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: Sep 13, 2021
Transactions value $: -$2,713,903
Form type: 4
Date filed: 9/15/2021, 04:38 PM
Previous filing: Sep 10, 2021
Next filing: Nov 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SICP	Class A Common Stock	Sale	-$521K	-4.85K	-4.85%	$107.43	95.1K	Sep 13, 2021	Direct	F1
transaction	SICP	Class A Common Stock	Sale	-$703K	-6.49K	-6.82%	$108.31	88.7K	Sep 13, 2021	Direct	F2
transaction	SICP	Class A Common Stock	Sale	-$1.47M	-13.5K	-15.18%	$109.06	75.2K	Sep 13, 2021	Direct	F3
transaction	SICP	Class A Common Stock	Sale	-$22K	-200	-0.27%	$109.91	75K	Sep 13, 2021	Direct	F4

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						674	Sep 13, 2021	Class A Common Stock	674		Direct	F5, F6

* 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 $106.72 to $107.71. 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 $107.72 to $108.71. 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	This transaction was executed in multiple trades at prices ranging from $108.73 to $109.64. 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.
F4	This transaction was executed in multiple trades at prices ranging from $109.82 to $109.99. 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.
F5	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6	The restricted stock units vest in full 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 Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date.