Todd L. Capitani - 06 Mar 2024 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: 06 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2024, 16:54:30 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		+340	+1.3%		26,279	06 Mar 2024	Direct	F1
holding	SHBI	Common Stock						5,033	06 Mar 2024	By ESOP
holding	SHBI	Common Stock						3,285	06 Mar 2024	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	-340	-2.4%	$0.000000	13,750	06 Mar 2024	Common Stock	340		Direct	F2, F3, F4
transaction	SHBI	Restricted Stock Units	Award	$0	+4,140	+30%	$0.000000	17,890	07 Mar 2024	Common Stock	4,140		Direct	F2, F5, F6

* 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 March 6, 2024
F4	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 342 units on March 6, 2026; 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.
F5	Represents restricted stock units that vest in 3 annual installments beginning on March 7, 2025, the first anniversary of the date of the award.
F6	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 342 units on March 6, 2026; 987 units on December 31, 2024; 1,025 units on December 31, 2025; 5,363 units on July 1, 2024; 5,364 units on July 1, 2025; 1,380 units on March 7, 2025; 1,380 units on March 7, 2026; and 1,380 units on March 7, 2027.