Michael Brian Adams - Sep 28, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Director
Signature
/s/ Christy Lombardi, Attorney in Fact for Michael Brian Adams
Stock symbol
SHBI
Transactions as of
Sep 28, 2023
Transactions value $
$0
Form type
4
Date filed
10/2/2023, 02:26 PM
Previous filing
Jul 27, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +692 +2.46% 28.9K Sep 28, 2023 Direct F1
transaction SHBI Common Stock Award $0 +1.9K +6.58% $0.00 30.8K Sep 29, 2023 Direct F2
holding SHBI Common Stock 7.37K Sep 28, 2023 By Roth 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 -692 -100% $0.00* 0 Sep 28, 2023 Common Stock 692 Direct F3, F4
* 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 Represents restricted stock that vests on September 29, 2024, the first anniversary of the date of the award.
F3 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4 Restricted stock units vested on September 28, 2023.