Talal Tay - 10 Feb 2025 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
10 Feb 2025
Net transactions value
$0
Form type
4
Filing time
12 Feb 2025, 17:38:24 UTC
Previous filing
02 Jul 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 +235 +2.1% 11,393 10 Feb 2025 Direct F1, F2, F3
transaction SHBI Common Stock Options Exercise +706 +6.2% 12,099 10 Feb 2025 Direct F1, F2, F3
holding SHBI Common Stock 1,004 10 Feb 2025 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 -235 -3.3% $0.000000 6,888 10 Feb 2025 Common Stock 235 Direct F4, F5, F6
transaction SHBI Restricted Stock Units Options Exercise $0 -706 -10% $0.000000 6,182 10 Feb 2025 Common Stock 706 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 1,956 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of February 10, 2025.
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 February 10, 2025
F6 The restricted stock units vest as follows: 247 units on March 6, 2025, 249 units on March 6, 2026, 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.