Michael Brian Adams - 28 Sep 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Director
Signature
/s/ Christy Lombardi, Attorney in Fact for Michael Brian Adams
Issuer symbol
SHBI
Transactions as of
28 Sep 2023
Net transactions value
$0
Form type
4
Filing time
02 Oct 2023, 14:26:33 UTC
Previous filing
27 Jul 2023
Next filing
22 Feb 2024
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 +692 +2.5% 28,876 28 Sep 2023 Direct F1
transaction SHBI Common Stock Award $0 +1,901 +6.6% $0.000000 30,777 29 Sep 2023 Direct F2
holding SHBI Common Stock 7,374 28 Sep 2023 By Roth 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 -692 -100% $0.000000* 0 28 Sep 2023 Common Stock 692 Direct 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 Represents restricted stock that vests on September 29, 2024, the first anniversary of the date of the award.
F3 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4 Restricted stock units vested on September 28, 2023.