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

Role: Chief Risk Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Talal Tay
Issuer symbol: SHBI
Transactions as of: 20 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 22 Aug 2023, 21:07:04 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		+370	+7.7%		5,146	20 Aug 2023	Direct	F1
holding	SHBI	Common Stock						563	20 Aug 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	-4.9%	$0.000000	7,239	20 Aug 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.