Christy Lombardi - Dec 17, 2023 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Chief Human Resources Officer
Signature: /s/ Christy Lombardi
Stock symbol: SHBI
Transactions as of: Dec 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/19/2023, 03:59 PM
Previous filing: Aug 22, 2023
Next filing: Feb 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+582	+2.1%		28.3K	Dec 17, 2023	Direct	F1, F2
holding	SHBI	Common Stock						6.11K	Dec 17, 2023	By TCFC ESOP

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	-582	-2.01%	$0.00	28.4K	Dec 17, 2023	Common Stock	582		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	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 December 17, 2023
F5	The restricted stock units vest as follows: 529 units on February 4, 2024, 328 units on February 10, 2024, 329 units on February 10, 2025, 338 units on March 6, 2024, 340 units on March 6, 2025, 340 units on March 6, 2026, 1,586 units on December 31, 2023, 985 units on December 31, 2024, 1,020 units on December 31, 2025, 11,295 units on July 1, 2024 and 11,295 units on July 1, 2025.