Brian Scot Ebron - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Signature
/s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron
Stock symbol
SHBI
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 12:19 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 +1.56K +9.75% 17.6K Jul 1, 2024 Direct F1, F2
holding SHBI Common Stock 819 Jul 1, 2024 By ESOP
holding SHBI Common Stock 36.1K Jul 1, 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 -1.56K -15.61% $0.00 8.45K Jul 1, 2024 Common Stock 1.56K 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 Includes 632 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
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: 272 units on February 10, 2025; 298 units on March 6, 2025; 298 units on March 6, 2026; 815 units on February 10, 2025; 894 units on March 6, 2026; 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.