Charles E. Ruch Jr. - 07 Mar 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: 07 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 09 Mar 2026, 12:30:38 UTC
Previous filing: 03 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.	09 Mar 2026	0001767755

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,104	+15%		8,304	07 Mar 2026	Direct	F1
transaction	SHBI	Common Stock	Tax liability		-386	-4.6%	$0.000000^*	7,918	07 Mar 2026	Direct	F2

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		-1,104	-22%	$0.000000^*	3,814	07 Mar 2026	Common Stock	1,104		Direct	F3, F4, F5

* 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	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	These restricted stock units vested on March 7, 2026.
F5	The restricted stock units vest as follows; 1,104 units on March 7, 2027; 1,355 units on February 27, 2027; and 1,355 units on February 27, 2028.