Lacey A. Pierce - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Administrative Ofc
Signature
/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Stock symbol
SHBI
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 01:44 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 +1.35K +4.58% 30.8K Jul 1, 2024 Direct F1, F2, F3, F4
holding SHBI Common Stock 3.96K Jul 1, 2024 By ESOP
holding SHBI Common Stock 20.3K Jul 1, 2024 By Spouse F4, F5
holding SHBI Common Stock 4.92K Jul 1, 2024 By Spouse 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 -1.35K -17.4% $0.00 6.42K Jul 1, 2024 Common Stock 1.35K Direct F6, F7, F8
* 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 22,236 shares held jointly with spouse.
F3 Includes 527 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F4 Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F5 Includes 527 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F6 Each restricted stock unit represents a contingent right to receive one share of SBHI common stock.
F7 Restricted stock units vested July 1, 2024.
F8 The restricted stock units vest as follows; 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027.