Derek J. Eisele - Nov 3, 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Nov 3, 2021
Transactions value $
-$6,022,877
Form type
4
Date filed
11/5/2021, 08:51 PM
Previous filing
Oct 26, 2021
Next filing
Nov 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Sale -$721K -3.6K -68.22% $200.34 1.68K Nov 3, 2021 By Credit Shelter Trust F1, F2
transaction SICP Class A Common Stock Sale -$202K -1K -59.63% $201.62 677 Nov 3, 2021 By Credit Shelter Trust F3
transaction SICP Class A Common Stock Sale -$80.9K -400 -59.08% $202.36 277 Nov 3, 2021 By Credit Shelter Trust F4
transaction SICP Class A Common Stock Sale -$3.28M -16.4K -16.36% $200.24 83.7K Nov 3, 2021 By Irrevocable Trust F5, F6
transaction SICP Class A Common Stock Sale -$938K -4.66K -5.57% $201.24 79.1K Nov 3, 2021 By Irrevocable Trust F7
transaction SICP Class A Common Stock Sale -$802K -3.97K -5.01% $202.37 75.1K Nov 3, 2021 By Irrevocable Trust F8
holding SICP Class A Common Stock 104K Nov 3, 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
holding SICP Restricted Stock Units 313 Nov 3, 2021 Class A Common Stock 313 Direct F9, F10
holding SICP Non-Qualified Stock Options 755 Nov 3, 2021 Class A Common Stock 755 $127.56 Direct F11
holding SICP Restricted Stock Units 2.73K Nov 3, 2021 Class A Common Stock 2.73K Direct F9, F12
holding SICP Non-Qualified Stock Options 10.7K Nov 3, 2021 Class A Common Stock 10.7K $16.09 Direct F13
holding SICP Non-Qualified Stock Options 30K Nov 3, 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 $200.00 to $200.76. 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 The reporting person is a co-trustee and remainder beneficiary of the Credit Shelter Trust U/W of Mary P. Eisele. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F3 This transaction was executed in multiple trades at prices ranging from $201.15 to $201.98. 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 $202.00 to $202.71. 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.
F5 This transaction was executed in multiple trades at prices ranging from $200.00 to $201.00. 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.
F6 The reporting person is a trustee and beneficiary of the George R. Eisele Irrevocable Trust II. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F7 This transaction was executed in multiple trades at prices ranging from $201.01 to $201.98. 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.
F8 This transaction was executed in multiple trades at prices ranging from $202.00 to $202.82. 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.
F9 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F10 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.
F11 The option becomes exercisable in three annual installments beginning February 26, 2022.
F12 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.
F13 The option becomes exercisable in four equal annual installments beginning November 19, 2020.