Thomas C. Dircks - Jun 10, 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Stock symbol
SICP
Transactions as of
Jun 10, 2022
Transactions value $
$0
Form type
4
Date filed
6/13/2022, 05:51 PM
Previous filing
Jun 2, 2022
Next filing
Jun 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $0 +674 +4.55% $0.00 15.5K Jun 11, 2022 Direct F1
holding SICP Class A Common Stock 40.9K Jun 10, 2022 By Charter Digital LLC
holding SICP Class A Common Stock 28.8K Jun 10, 2022 By Dircks Family LLC
holding SICP Class A Common Stock 15.7K Jun 10, 2022 By Family Foundation

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 Award $0 +1.01K $0.00 1.01K Jun 10, 2022 Class A Common Stock 1.01K Direct F2, F3
transaction SICP Restricted Stock Units Options Exercise $0 -674 -100% $0.00* 0 Jun 11, 2022 Class A Common Stock 674 Direct F1, F4
* 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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 The restricted stock units vest in full on June 10, 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.
F4 The restricted stock units vest in full on June 11, 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.