Brian Scot Ebron - 06 Mar 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Chief Banking Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron
Issuer symbol: SHBI
Transactions as of: 06 Mar 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2024, 16:55:18 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		+296	+2%		15,390	06 Mar 2024	Direct	F1
holding	SHBI	Common Stock						819	06 Mar 2024	By ESOP
holding	SHBI	Common Stock						36,148	06 Mar 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	-296	-4.9%	$0.000000	5,701	06 Mar 2024	Common Stock	296		Direct	F2, F3, F4
transaction	SHBI	Restricted Stock Units	Award	$0	+4,306	+76%	$0.000000	10,007	07 Mar 2024	Common Stock	4,306		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: 272 units on February 10, 2025; 298 units on March 6, 2025; 298 units on March 6, 2026; 815 units on December 31, 2024; 894 units on December 31, 2025; 1,562 units on July 1, 2024; and 1,562 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: 272 units on February 10, 2025; 298 units on March 6, 2025; 298 units on March 6, 2026; 815 units on December 31, 2024; 894 units on December 31, 2025; 1,562 units on July 1, 2024; 1,562 units on July 1, 2025; 1,435 units on March 7, 2025; 1,435 units on March 7, 2026; and 1,436 units on March 7, 2027.