Jr. Charles E. Ruch - 27 Feb 2026 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Credit Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Issuer symbol: SHBI
Transactions as of: 27 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:11:38 UTC
Previous filing: 02 Jul 2025
Next filing: 09 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ruch, Jr. Charles E.	EVP, Chief Credit Officer	18 E DOVER STREET, EASTON	/s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.	03 Mar 2026	0001767755

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,354	+21%		7,654	27 Feb 2026	Direct	F1
transaction	SHBI	Common Stock	Tax liability	$0	-454	-5.9%	$0.000000	7,200	27 Feb 2026	Direct	F2, F3

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	-1,354	-22%	$0.000000	4,918	27 Feb 2026	Common Stock	1,354		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	Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under 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	These restricted stock units vested on February 27, 2026.
F6	The restricted stock units vest as follows; 1,104 units on March 7, 2026; 1,104 units on March 7, 2027; 1,355 units on February 27, 2027; and 1,355 units on February 27, 2028.