Talal Tay - Aug 20, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Signature
/s/ Christy Lombardi, Attorney in Fact for Talal Tay
Stock symbol
SHBI
Transactions as of
Aug 20, 2023
Transactions value $
$0
Form type
4
Date filed
8/22/2023, 09:07 PM
Previous filing
Jul 3, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +370 +7.75% 5.15K Aug 20, 2023 Direct F1
holding SHBI Common Stock 563 Aug 20, 2023 By TCFC ESOP

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 -370 -4.86% $0.00 7.24K Aug 20, 2023 Common Stock 370 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: 389 units on December 17, 2023, 370 units on February 4, 2024, 235 units on February 10, 2024, 235 units on February 10, 2025, 247 units on March 6, 2024, 247 units on March 6, 2025, 249 units on March 6, 2026, 1,111 units on December 31, 2023, 706 units on December 31, 2024, 745 units on December 31, 2025, 1,352 units on July 1, 2024 and 1,353 units on July 1, 2025.