Todd L. Capitani - 27 Feb 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Financial Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Issuer symbol: SHBI
Transactions as of: 27 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2025, 14:23:12 UTC
Previous filing: 12 Feb 2025
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						33,533	27 Feb 2025	Direct
holding	SHBI	Common Stock						3,285	27 Feb 2025	By Spouse 401(k)
holding	SHBI	Common Stock						5,033	27 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	Award	$0	+4,644	+41%	$0.000000	15,855	27 Feb 2025	Common Stock	4,644		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: 340 units on March 6, 2025, 342 units on March 6, 2026, 1,025 units on March 6, 2026, 5,364 units on July 1, 2025, 1,380 units on March 7, 2025, 1,380 units on March 7, 2026, 1,380 units on March 7, 2027, 1,548 units on February 27, 2026, 1,548 units on February 27, 2027 and 1,548 units on February 27, 2028.