Andrea E. Colender - 01 Jul 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Legal Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender
Issuer symbol: SHBI
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 12:22:53 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		+995	+4.2%		24,508	01 Jul 2024	Direct	F1, F2
holding	SHBI	Common Stock						3,292	01 Jul 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	-995	-19%	$0.000000	4,307	01 Jul 2024	Common Stock	995		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 1,852 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: 995 units on July 1, 2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.