Jr. Charles E. Ruch - 27 Feb 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Credit Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Issuer symbol: SHBI
Transactions as of: 27 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2025, 14:11:00 UTC
Previous filing: 02 Jul 2024
Next filing: 10 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SHBI	Common Stock						4,113	27 Feb 2025	Direct

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	Award	$0	+4,064	+92%	$0.000000	8,458	27 Feb 2025	Common Stock	4,064		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F2	Represents restricted stock units that vest in 3 annual installments beginning on February 27, 2026, the first anniversary of the date of the award.
F3	The restricted stock units vest as follows; 1,082 units on 7/1/2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; 1,104 units on March 7, 2027, 1,354 units on February 27, 2026, 1,355 units on February 27, 2027 and 1,355 units on February 27, 2028.