Talal Tay - Feb 10, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Chief Risk Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Talal Tay
Stock symbol
SHBI
Transactions as of
Feb 10, 2024
Transactions value $
$0
Form type
4
Date filed
2/13/2024, 03:34 PM
Previous filing
Feb 5, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +235 +3.32% 7.3K Feb 10, 2024 Direct F1
holding SHBI Common Stock 1K Feb 10, 2024 By TCFC ESOP

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 -235 -4.38% $0.00 5.13K Feb 10, 2024 Common Stock 235 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 February 10, 2024
F4 The restricted stock units vest as follows: 235 units on February 10, 2025, 247 units on March 6, 2024, 247 units on March 6, 2025, 249 units on March 6, 2026, 706 units on December 31, 2024, 745 units on December 31, 2025, 1,352 units on July 1, 2024 and 1,353 units on July 1, 2025.