DONNA J. STEVENS - 07 Mar 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Operating Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Donna J. Stevens
Issuer symbol: SHBI
Transactions as of: 07 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2025, 11:23:16 UTC
Previous filing: 03 Mar 2025
Next filing: 02 Jul 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		+1,361	+7.8%		18,763	07 Mar 2025	Direct	F1, F2, F3
holding	SHBI	Common Stock						1,826	07 Mar 2025	By IRA	F3
holding	SHBI	Common Stock						60	07 Mar 2025	By Children

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	-1,361	-13%	$0.000000	9,107	07 Mar 2025	Common Stock	1,361		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 1,599 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 7, 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 March 7, 2025.
F6	The restricted stock units vest as follows: 1,971 units on July 1, 2025, 1,362 units on March 7, 2026, 1,362 units on March 7, 2027, 1,470 units on February 27, 2026, 1,471 units on February 27, 2027 and 1,471 units on February 27, 2028.