Edward Lawrence Sanders III - Sep 28, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Director
Signature
/s/ Christy Lombardi, Attorney in Fact for E. Lawrence Sanders, III
Stock symbol
SHBI
Transactions as of
Sep 28, 2023
Transactions value $
$0
Form type
4
Date filed
10/2/2023, 02:29 PM
Previous filing
Jul 27, 2023
Next filing
Jun 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHBI Common Stock Options Exercise +692 +1.14% 61.2K Sep 28, 2023 Direct F1, F2
holding SHBI Common Stock 9.51K Sep 28, 2023 By IRA
holding SHBI Common Stock 5.39K Sep 28, 2023 By Spouse's 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 The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
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.