James M. Burke - 06 Mar 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: President & CEO, Director
Signature: /s/ Christy Lombardi, Attorney in Fact for James M. Burke
Issuer symbol: SHBI
Transactions as of: 06 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2025, 11:49:04 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		+1,564	+2.2%		72,503	06 Mar 2025	Direct	F1
transaction	SHBI	Common Stock	Options Exercise		+4,679	+6.5%		77,182	07 Mar 2025	Direct	F1
holding	SHBI	Common Stock						2,374	06 Mar 2025	By IRA
holding	SHBI	Common Stock						5,708	06 Mar 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	-1,564	-3.4%	$0.000000	44,420	06 Mar 2025	Common Stock	1,564		Direct	F2, F3, F4
transaction	SHBI	Restricted Stock Units	Options Exercise	$0	-4,679	-11%	$0.000000	39,741	07 Mar 2025	Common Stock	4,679		Direct	F2, 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	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3	Restricted stock units vested March 6, 2025.
F4	The restricted stock units vest as follows: 4,679 units on March 7, 2025, 1,565 on March 6, 2026, 4,695 on March 6, 2026, 6,705 units on July 1, 2025, 4,679 units on March 7, 2026, 4,679 units on March 7, 2027, 5,806 units on February 27, 2026, 5,806 units on February 27, 2027 and 5,806 units on February 27, 2028.
F5	Restricted stock units vested March 7, 2025.
F6	The restricted stock units vest as follows: 1,565 on March 6, 2026, 4,695 on March 6, 2026, 6,705 units on July 1, 2025, 4,679 units on March 7, 2026, 4,679 units on March 7, 2027, 5,806 units on February 27, 2026, 5,806 units on February 27, 2027 and 5,806 units on February 27, 2028.