Alan J. Hyatt - 27 Dec 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Director
Signature
/s/ Christy Lombardi, Power of Attorney
Issuer symbol
SHBI
Transactions as of
27 Dec 2023
Net transactions value
$0
Form type
4
Filing time
29 Dec 2023, 11:44:51 UTC
Previous filing
09 Feb 2023
Next filing
07 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 Gift $0 -400 -0.04% $0.000000 936,270 27 Dec 2023 Direct F1, F2, F3
holding SHBI Common Stock 5,929 27 Dec 2023 Spouse
holding SHBI Common Stock 388,306 27 Dec 2023 By Trust I F4
holding SHBI Common Stock 170,692 27 Dec 2023 By Trust II F5
holding SHBI Common Stock 75,333 27 Dec 2023 By Trust III F6
holding SHBI Common Stock 53,749 27 Dec 2023 By Trust IV F7
holding SHBI Common Stock 131,552 27 Dec 2023 IRA F8
holding SHBI Common Stock 7,603 27 Dec 2023 By Partnership F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bonafide gift to a non-profit organization
F2 Includes 852,691 shares jointly owned by Alan J. Hyatt and his spouse Sharon G. Hyatt.
F3 The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F4 Shares held in the Frances G. Hyatt State Exempt Marital Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F5 Shares held in the France G. Hyatt Residuary Trust, of which the reporting person is a co-trustee and disclaims except to the extent of his pecuniary interest.
F6 Shares are held in the Louis Hyatt Revocable Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F7 Shares are held in the Frances G. Hyatt Fed GST EX MED Trust, of which the reporting person is a co-trustee and disclaims ownership except to the extent of his pecuniary interest.
F8 131,552 shares previously held directly have been transferred to indirect ownership by IRA. This transaction is exempt from Section 16 pursuant to Rule 16a-13.
F9 Shares are held in the Crownsville Family Limited Partnership, of which the reporting person is the general partner and disclaims ownership except to the extent of his pecuniary interest.