DONNA J. STEVENS - 27 Feb 2026 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: 27 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:08:03 UTC
Previous filing: 19 Feb 2026
Next filing: 09 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
STEVENS DONNA J.	EVP, Chief Operating Officer	18 E DOVER STREET, EASTON	/s/ Christy Lombardi, Attorney in Fact for Donna J. Stevens	03 Mar 2026	0001647192

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,470	+7.3%		21,734	27 Feb 2026	Direct	F1
transaction	SHBI	Common Stock	Tax liability	$0	-496	-2.3%	$0.000000	21,238	27 Feb 2026	Direct	F2, F3
holding	SHBI	Common Stock						1,868	27 Feb 2026	By IRA
holding	SHBI	Common Stock						60	27 Feb 2026	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	-1,470	-14%	$0.000000	9,089	27 Feb 2026	Common Stock	1,470		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	Shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs; no shares were sold by the reporting person.
F3	Includes 1,762 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026.
F4	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F5	These restricted stock units vested on February 27, 2026.
F6	The restricted stock units vest as follows: 1,362 units on March 7, 2026; 1,362 units on March 7, 2027; 1,471 units on February 27, 2027; 1,471 units on February 27, 2028; 1,141 units on February 17, 2027; 1,141 units on February 17, 2028; and 1,141 units on February 17, 2029.