Jr. Charles E. Ruch - 01 Jul 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Credit Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Issuer symbol: SHBI
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 12:04:28 UTC
Previous filing: 08 Mar 2024
Next filing: 03 Mar 2025
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		+1,081	+36%		4,113	01 Jul 2024	Direct	F1

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	-1,081	-20%	$0.000000	4,394	01 Jul 2024	Common Stock	1,081		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 July 1, 2024.
F4	The restricted stock units vest as follows; 1,082 units on 7/1/2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.