Joseph V Stone Jr. - 28 Sep 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Director
Signature: /s/ Christy Lombardi, Attorney in Fact for Joseph V. Stone, Jr.
Issuer symbol: SHBI
Transactions as of: 28 Sep 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Oct 2023, 14:27:15 UTC
Previous filing: 27 Jul 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		+692	+3.5%		20,575	28 Sep 2023	Direct	F1, F2
holding	SHBI	Common Stock						11,642	28 Sep 2023	By IRA-SEP
holding	SHBI	Common Stock						4,657	28 Sep 2023	By Spouse's IRA
holding	SHBI	Common Stock						47,174	28 Sep 2023	By Trust

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	Since the date of the reporting person's last report, 13,408 shares previously held by direct ownership have been transferred to indiret ownership by TRUST. This transaction is exempt from Section 16 pursuant to Rule 16a-13.
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.