Derek J. Eisele - Oct 25, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Executive Vice President
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Oct 25, 2021
Transactions value $
-$5,852,242
Form type
4
Date filed
10/26/2021, 06:05 PM
Previous filing
Aug 13, 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 Options Exercise $177K +40K $4.42 40K Oct 25, 2021 Direct
transaction SICP Class A Common Stock Sale -$4.05M -26.9K -67.28% $150.34 13.1K Oct 25, 2021 Direct F1
transaction SICP Class A Common Stock Sale -$1.94M -12.8K -97.71% $151.50 300 Oct 25, 2021 Direct F2
transaction SICP Class A Common Stock Sale -$45.6K -300 -100% $152.11 0 Oct 25, 2021 Direct F3
holding SICP Class A Common Stock 104K Oct 25, 2021 By Self and Spouse as Trustees of Eisele Family Trust

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 Non-Qualified Stock Options Options Exercise $0 +40K $0.00* 0 Oct 25, 2021 Class A Common Stock 40K $4.42 Direct
holding SICP Restricted Stock Units 313 Oct 25, 2021 Class A Common Stock 313 Direct F4, F5
holding SICP Non-Qualified Stock Options 755 Oct 25, 2021 Class A Common Stock 755 $127.56 Direct F6
holding SICP Restricted Stock Units 2.73K Oct 25, 2021 Class A Common Stock 2.73K Direct F4, F7
holding SICP Non-Qualified Stock Options 10.7K Oct 25, 2021 Class A Common Stock 10.7K $16.09 Direct F8
holding SICP Non-Qualified Stock Options 30K Oct 25, 2021 Class A Common Stock 30K $5.64 Direct
* 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 $150.00 to $150.99. 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.
F2 This transaction was executed in multiple trades at prices ranging from $151.01 to $151.97. 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 $152.01 to $152.09. 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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F5 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.
F6 The option becomes exercisable in three annual installments beginning February 26, 2022.
F7 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.
F8 The option becomes exercisable in four equal annual installments beginning November 19, 2020.