Karen F. Brassfield - Jun 10, 2023 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, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 04:37 PM
Previous filing
Jun 13, 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 +1.01K +7.25% $0.00 15K Jun 10, 2023 Direct F1

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 -1.01K -100% $0.00* 0 Jun 10, 2023 Class A Common Stock 1.01K Direct F1, F2
* 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 Represents vesting of all of the restricted stock units granted on June 10, 2022, which vested 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.