Christy Lombardi - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Signature
/s/ Christy Lombardi
Stock symbol
SHBI
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 12:16 PM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +11.3K +35.63% 43K Jul 1, 2024 Direct F1, F2
holding SHBI Common Stock 6.56K Jul 1, 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 -11.3K -38.19% $0.00 18.3K Jul 1, 2024 Common Stock 11.3K Direct F3, F4, F5
* 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 July 1, 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 February 10, 2025; 1,020 units on March 6, 2026; 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.