Todd L. Capitani - 17 Dec 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP & CFO
Signature: /s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Issuer symbol: SHBI
Transactions as of: 17 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 19 Dec 2023, 16:03:55 UTC
Previous filing: 22 Aug 2023
Next filing: 05 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		+389	+1.7%		23,489	17 Dec 2023	Direct	F1
holding	SHBI	Common Stock						4,592	17 Dec 2023	By TCFC ESOP
holding	SHBI	Common Stock						3,285	17 Dec 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	-389	-2.3%	$0.000000	16,540	17 Dec 2023	Common Stock	389		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 December 17, 2023
F4	The restricted stock units vest as follows: 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.