Antonio Martino - Feb 26, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
CFO
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Feb 26, 2022
Transactions value $
-$12,290
Form type
4
Date filed
3/1/2022, 03:55 PM
Previous filing
Feb 24, 2022
Next filing
Nov 22, 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 +294 +5.97% $0.00 5.22K Feb 26, 2022 Direct
transaction SICP Class A Common Stock Tax liability -$12.3K -102 -1.95% $120.49 5.12K Feb 26, 2022 Direct

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 -294 -50% $0.00 294 Feb 26, 2022 Class A Common Stock 294 Direct F1, F2
holding SICP Restricted Stock Units 1.35K Feb 26, 2022 Class A Common Stock 1.35K Direct F3, F4
holding SICP Non-Qualified Stock Options 3.13K Feb 26, 2022 Class A Common Stock 3.13K $110.84 Direct F5
holding SICP Restricted Stock Units 2.33K Feb 26, 2022 Class A Common Stock 2.33K Direct F3, F6
holding SICP Non-Qualified Stock Options 13.7K Feb 26, 2022 Class A Common Stock 13.7K $16.09 Direct F7
holding SICP Non-Qualified Stock Options 2.12K Feb 26, 2022 Class A Common Stock 2.12K $127.56 Direct F8
* 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 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 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.
F7 The option becomes exercisable in four equal annual installments beginning November 19, 2020.
F8 The option becomes exercisable in three annual installments beginning February 26, 2022.