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

Role: EVP Chief Internal Audit Off.
Signature: /s/ Christy Lombardi, Attorney in Fact for Virginia M. Anderson
Issuer symbol: SHBI
Transactions as of: 06 Mar 2025
Net transactions value: $0
Form type: 4
Filing time: 10 Mar 2025, 12:03:54 UTC
Previous filing: 03 Mar 2025
Next filing: 31 Dec 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		+142	+24%		729	06 Mar 2025	Direct	F1
holding	SHBI	Common Stock						268	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	-142	-6%	$0.000000	2,232	06 Mar 2025	Common Stock	142		Direct	F2, F3, F4

* 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: 142 units on March 6, 2026, 696 units on February 27, 2026, 697 units on February 27, 2027 and 697 units on February 27, 2028.