Todd L. Capitani - Aug 20, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP & CFO
Signature
/s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Stock symbol
SHBI
Transactions as of
Aug 20, 2023
Transactions value $
$0
Form type
4
Date filed
8/22/2023, 09:22 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 +550 +2.44% 23.1K Aug 20, 2023 Direct F1
holding SHBI Common Stock 4.59K Aug 20, 2023 By TCFC ESOP
holding SHBI Common Stock 3.29K Aug 20, 2023 By Spouse 401(k)

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 -550 -3.15% $0.00 16.9K Aug 20, 2023 Common Stock 550 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, 531 units on February 4, 2024, 328 units on February 10, 2024, 329 units on February 10, 2025, 340 units on March 6, 2024, 340 units on March 6, 2025, 342 units on March 6, 2026, 1,591 units on December 31, 2023, 987 units on December 31, 2024, 1,025 units on December 31, 2025, 5,363 units on July 1, 2024 and 5,364 units on July 1, 2025.