James M. Burke - 20 Aug 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: President & CEO, Director
Signature: /s/ Christy Lombardi, Attorney in Fact for James M. Burke
Issuer symbol: SHBI
Transactions as of: 20 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 22 Aug 2023, 20:56:15 UTC
Previous filing: 03 Jul 2023
Next filing: 19 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+983	+1.8%		55,114	20 Aug 2023	Direct	F1
holding	SHBI	Common Stock						5,267	20 Aug 2023	By TCFC ESOP
holding	SHBI	Common Stock						2,375	20 Aug 2023	By IRA

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	SHBI	Restricted Stock Units	Options Exercise	$0	-983	-3.1%	$0.000000	30,352	20 Aug 2023	Common Stock	983		Direct	F2, F3, 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 common stock on a one-for-one basis.
F2	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3	Restricted stock units vested August 20, 2023.
F4	The restricted stock units vest as follows: 778 units on December 17, 2023, 950 units on February 4, 2024, 596 units on each February 10, 2024 and February 10, 2025, 1,563 units on March 6, 2024, 1,564 units on March 6, 2025 and 1,565 on March 6, 2026, 2,848 on December 31, 2023, 1,788 on December 31, 2024, 4,695 on December 31, 2025, 6,704 units on July 1, 2024 and 6,705 units on July 1, 2025.