James M. Burke - 04 Feb 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: President & CEO, Director
Signature: /s/ Christy Lombardi, Attorney in Fact for James M. Burke
Issuer symbol: SHBI
Transactions as of: 04 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Feb 2024, 09:37:23 UTC
Previous filing: 19 Dec 2023
Next filing: 13 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		+3,798	+6.8%		59,692	04 Feb 2024	Direct	F1, F2
holding	SHBI	Common Stock						5,708	04 Feb 2024	By TCFC ESOP
holding	SHBI	Common Stock						2,374	04 Feb 2024	By 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	-3,798	-13%	$0.000000	25,776	04 Feb 2024	Common Stock	3,798		Direct	F3, F4, F5

* 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	The number of shares held directly includes certain shares that were previously held by restricted stock which have subsequently vested.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested February 4, 2024
F5	The restricted stock units vest as follows: 596 units on each February 10, 2024 and February 10, 2025, 1,563 units on March 6, 2024, 1,564 units on March 6, 2025, 1,565 on March 6, 2026, 1,788 on December 31, 2024, 4,695 on December 31, 2025, 6,704 units on July 1, 2024 and 6,705 units on July 1, 2025.