Son-Jai Paik - Feb 26, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Human Resource Officer
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Feb 26, 2022
Transactions value $
-$9,760
Form type
4
Date filed
3/1/2022, 03:50 PM
Previous 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 $0 +239 $0.00 239 Feb 26, 2022 Direct
transaction SICP Class A Common Stock Tax liability -$9.76K -81 -33.89% $120.49 158 Feb 26, 2022 Direct
holding SICP Class A Common Stock 6.11K Feb 26, 2022 Former employer 401(k) plan
holding SICP Class A Common Stock 168 Feb 26, 2022 Employer 401(k) plan

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 Restricted Stock Units Options Exercise $0 -239 -33.29% $0.00 479 Feb 26, 2022 Class A Common Stock 239 Direct F1, F2
holding SICP Restricted Stock Units 609 Feb 26, 2022 Class A Common Stock 609 Direct F3, F4
holding SICP Non-Qualified Stock Options 1.41K Feb 26, 2022 Class A Common Stock 1.41K $110.84 Direct F5
holding SICP Non-Qualified Stock Options 1.73K Feb 26, 2022 Class A Common Stock 1.73K $127.56 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 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.
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 22, 2023. 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 22, 2023.
F6 The option becomes exercisable in three annual installments beginning February 26, 2022.