Ben Reynolds - 05 Nov 2021 Form 4/A - Amendment Insider Report for Silvergate Capital Corp

Role: Chief Strategy Officer
Signature: /s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 05 Nov 2021
Net transactions value: -$660,000
Form type: 4/A - Amendment
Filing time: 10 Nov 2021, 15:29:44 UTC
Date Of Original Report: 08 Nov 2021
Previous filing: 08 Nov 2021
Next filing: 23 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SICP	Class A Common Stock	Sale	$660,000	-3,000	-63%	$220.00	1,748	05 Nov 2021	Direct	F1

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						1,747	05 Nov 2021	Class A Common Stock	3,918		Direct	F2, F3
holding	SICP	Non-Qualified Stock Options						2,597	05 Nov 2021	Class A Common Stock	2,597	$127.56	Direct	F4
holding	SICP	Restricted Stock Units						1,747	05 Nov 2021	Class A Common Stock	3,918		Direct	F2, F5
holding	SICP	Restricted Stock Units						1,077	05 Nov 2021	Class A Common Stock	1,747		Direct	F2, F6
holding	SICP	Non-Qualified Stock Options						5,140	05 Nov 2021	Class A Common Stock	6,854	$16.09	Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The original Form 4 filed on November 8, 2021 incorrectly listed this amount of Class A Common Stock as 34.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3	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.
F4	The option becomes exercisable in three annual installments beginning February 26, 2022.
F5	The restricted stock units vest in two equal installments, on February 26, 2024, and February 26, 2025. 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.
F6	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.
F7	The option becomes exercisable in four equal annual installments beginning November 19, 2020.