Talal Tay - 01 Jul 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Risk Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Talal Tay
Issuer symbol: SHBI
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 12:11:08 UTC
Previous filing: 08 Mar 2024
Next filing: 12 Feb 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		+1,352	+15%		10,218	01 Jul 2024	Direct	F1, F2, F3
holding	SHBI	Common Stock						1,004	01 Jul 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	-1,352	-16%	$0.000000	7,123	01 Jul 2024	Common Stock	1,352		Direct	F4, 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	Includes 1,159 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F3	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.
F4	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F5	Restricted stock units vested July 1, 2024.
F6	The restricted stock units vest as follows: 235 units on February 10, 2025; 247 units on March 6, 2025; 249 units on March 6, 2026; 706 units on February 10, 2025; 745 units on March 6, 2026; 1,353 units on July 1, 2025; 1,196 units on March 7, 2025; 1,196 units on March 7, 2026; and 1,196 units on March 7, 2027.