Lacey A. Pierce - 01 Jul 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Chief Strategy&ProjectOfficer
Signature: /s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Issuer symbol: SHBI
Transactions as of: 01 Jul 2025
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2025, 13:41:58 UTC
Previous filing: 10 Mar 2025
Next filing: 19 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Pierce Lacey Amanda	Chief Strategy&ProjectOfficer	18 E DOVER ST, EASTON	/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce	02 Jul 2025	0001804075

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,353	+4%		35,587	01 Jul 2025	Direct	F1, F2, F3, F4
holding	SHBI	Common Stock						20,970	01 Jul 2025	By Spouse	F3, F5
holding	SHBI	Common Stock						3,963	01 Jul 2025	By ESOP
holding	SHBI	Common Stock						4,919	01 Jul 2025	By Spouse 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	-1,353	-19%	$0.000000	5,811	01 Jul 2025	Common Stock	1,353		Direct	F6, F7, F8

* 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 755 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 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	Includes 22,958 shares held jointly with spouse.
F5	Includes 755 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.
F6	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F7	Restricted stock units vested July 1, 2025.
F8	The restricted stock units vest as follows; 984 units on March 6, 2026; 965 units on March 7, 2026, 966 units on March 7, 2027, 965 units on February 27, 2026, 965 units on February 27, 2027 and 966 units on February 27, 2028.