Kathleen Fraher - Nov 19, 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: Nov 19, 2021
Transactions value $: -$724,625
Form type: 4
Date filed: 11/22/2021, 03:22 PM
Previous filing: Sep 17, 2021
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SICP	Class A Common Stock	Options Exercise	$56.9K	+3.54K	+32.83%	$16.09	14.3K	Nov 19, 2021	Direct
transaction	SICP	Class A Common Stock	Sale	-$782K	-3.54K	-24.72%	$220.84	10.8K	Nov 19, 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
transaction	SICP	Non-Qualified Stock Options	Options Exercise	$0	-3.54K	-33.34%	$0.00	7.08K	Nov 19, 2021	Class A Common Stock	3.54K	$16.09	Direct	F2
holding	SICP	Restricted Stock Units						881	Nov 19, 2021	Class A Common Stock	881		Direct	F3, F4
holding	SICP	Non-Qualified Stock Options						2.12K	Nov 19, 2021	Class A Common Stock	2.12K	$127.56	Direct	F5
holding	SICP	Restricted Stock Units						3.61K	Nov 19, 2021	Class A Common Stock	3.61K		Direct	F3, 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 $220.832 to $221.00. 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.
F2	The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F3	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4	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.
F5	The option becomes exercisable in three annual installments beginning February 26, 2022.
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.