Kathleen Fraher - Apr 21, 2022 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
Apr 21, 2022
Transactions value $
-$199,076
Form type
4
Date filed
4/22/2022, 05:59 PM
Previous filing
Mar 1, 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 Sale -$97.8K -750 -6.47% $130.44 10.8K Apr 21, 2022 Direct
transaction SICP Class A Common Stock Sale -$101K -750 -6.91% $135.00 10.1K Apr 22, 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
holding SICP Restricted Stock Units 587 Apr 21, 2022 Class A Common Stock 587 Direct F1, F2
holding SICP Restricted Stock Units 1.58K Apr 21, 2022 Class A Common Stock 1.58K Direct F3, F4
holding SICP Non-Qualified Stock Options 3.65K Apr 21, 2022 Class A Common Stock 3.65K $110.84 Direct F5
holding SICP Restricted Stock Units 4.51K Apr 21, 2022 Class A Common Stock 4.51K Direct F3, F6
holding SICP Restricted Stock Units 2.41K Apr 21, 2022 Class A Common Stock 2.41K Direct F3, F7
holding SICP Non-Qualified Stock Options 7.08K Apr 21, 2022 Class A Common Stock 7.08K $16.09 Direct F8
holding SICP Non-Qualified Stock Options 2.12K Apr 21, 2022 Class A Common Stock 2.12K $127.56 Direct F9
* 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 two equal installments, on February 22, 2025, and February 22, 2026. 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 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, local and foreign taxes of any kind.
F8 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F9 The option becomes exercisable in three annual installments beginning February 26, 2022.