Christy Lombardi - 06 Mar 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Chief Human Resources Officer
Signature: /s/ Christy Lombardi
Issuer symbol: SHBI
Transactions as of: 06 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2024, 15:56:11 UTC
Previous filing: 13 Feb 2024
Next filing: 02 Jul 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		+338	+1.1%		31,368	06 Mar 2024	Direct	F1, F2
holding	SHBI	Common Stock						6,555	06 Mar 2024	By 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	-338	-1.3%	$0.000000	25,604	06 Mar 2024	Common Stock	338		Direct	F3, F4, F5
transaction	SHBI	Restricted Stock Units	Award	$0	+3,975	+16%	$0.000000	29,579	07 Mar 2024	Common Stock	3,975		Direct	F3, F6, F7

* 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 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.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested March 6, 2024
F5	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 340 units on March 6, 2026; 985 units on December 31, 2024; 1,020 units on December 31, 2025; 11,295 units on July 1, 2024; and 11,295 units on July 1, 2025.
F6	Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F7	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 340 units on March 6, 2026; 985 units on December 31, 2024; 1,020 units on December 31, 2025; 11,295 units on July 1, 2024; 11,295 units on July 1, 2025; 1,325 units on March 7, 2025; 1,325 units on March 7, 2026; and 1,325 units on March 7, 2027.