Antonio Martino - 22 Feb 2023 Form 4 Insider Report for Silvergate Capital Corp

Role
CFO
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Feb 2023
Net transactions value
-$2,902
Form type
4
Filing time
24 Feb 2023, 17:06:03 UTC
Previous filing
22 Nov 2022
Next filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise +451 +7.7% 6,333 22 Feb 2023 Direct F1
transaction SICP Class A Common Stock Tax liability $2,902 -184 -2.9% $15.77 6,149 22 Feb 2023 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 -451 -33% $0.000000 902 22 Feb 2023 Class A Common Stock 902 Direct F2, F3
holding SICP Restricted Stock Units 1,165 22 Feb 2023 Class A Common Stock 1,165 Direct F2, F4
holding SICP Restricted Stock Units 587 22 Feb 2023 Class A Common Stock 587 Direct F2, F5
holding SICP Non-Qualified Stock Options 13,710 22 Feb 2023 Class A Common Stock 13,710 $16.09 Direct F6
holding SICP Non-Qualified Stock Options 2,124 22 Feb 2023 Class A Common Stock 2,124 $127.56 Direct F7
holding SICP Non-Qualified Stock Options 3,127 22 Feb 2023 Class A Common Stock 3,127 $110.84 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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 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.
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.
F5 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.
F6 The option becomes exercisable in four equal annual installments beginning November 19, 2020.
F7 The option becomes exercisable in three annual installments beginning February 26, 2022.
F8 The option becomes exercisable in three annual installments beginning February 22, 2023.