Brian Scot Ebron - Feb 4, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: Chief Banking Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Brian Scot Ebron
Stock symbol: SHBI
Transactions as of: Feb 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/5/2024, 09:35 AM
Previous filing: Dec 19, 2023
Next filing: Feb 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1.71K	+13.03%		14.8K	Feb 4, 2024	Direct	F1
holding	SHBI	Common Stock						819	Feb 4, 2024	By TCFC ESOP
holding	SHBI	Common Stock						36.1K	Feb 4, 2024	By 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	-1.71K	-21.42%	$0.00	6.27K	Feb 4, 2024	Common Stock	1.71K		Direct	F2, 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	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3	Restricted stock units vested February 4, 2024
F4	The restricted stock units vest as follows: 271 units on February 10, 2024, 272 units on February 10, 2025, 296 units on March 6, 2024, 298 units on March 6, 2025, 298 units on March 6, 2026, 815 units on December 31, 2024, 894 units on December 31, 2025, 1,562 units on July 1, 2024 and 1,562 units on July 1, 2025.