Lacey A. Pierce - 27 Feb 2026 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: 27 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2026, 16:16:39 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
Pierce Lacey Amanda	Chief Strategy&ProjectOfficer	18 E DOVER ST, EASTON	/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce	03 Mar 2026	0001804075

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,277	+3.5%		37,869	27 Feb 2026	Direct	F1
transaction	SHBI	Common Stock	Tax liability	$0	-424	-1.1%	$0.000000	37,445	27 Feb 2026	Direct	F2, F3, F4
holding	SHBI	Common Stock						3,963	27 Feb 2026	By IRA
holding	SHBI	Common Stock						24,784	27 Feb 2026	By Spouse	F5
holding	SHBI	Common Stock						4,919	27 Feb 2026	By Spouse IRA

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	-1,277	-13%	$0.000000	8,449	27 Feb 2026	Common Stock	1,277		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	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 1,270 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026.
F4	Includes 23,281 shares held jointly with spouse.
F5	Includes 1,270 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 3, 2026.
F6	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F7	These restricted stock units vested on February 27, 2026.
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; 1,277 units on February 27, 2027; 1,278 units on February 27, 2028; 993 units on February 17, 2027; 993 units on February 17, 2028; and 993 units on February 17, 2029.