Paul D. Colucci - 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, 05:55 PM
Previous filing: Nov 5, 2021
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	+1.51%	$0.00	45.2K	Jun 11, 2022	Direct	F1
holding	SICP	Class A Common Stock						17.1K	Jun 10, 2022	By Custodial Account for Self

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 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.