James M. Burke - Feb 4, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: President & CEO, Director
Signature: /s/ Christy Lombardi, Attorney in Fact for James M. Burke
Stock symbol: SHBI
Transactions as of: Feb 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/5/2024, 09:37 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		+3.8K	+6.8%		59.7K	Feb 4, 2024	Direct	F1, F2
holding	SHBI	Common Stock						5.71K	Feb 4, 2024	By TCFC ESOP
holding	SHBI	Common Stock						2.37K	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	-3.8K	-12.84%	$0.00	25.8K	Feb 4, 2024	Common Stock	3.8K		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 number of shares held directly includes certain shares that were previously held by restricted stock which have subsequently vested.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested February 4, 2024
F5	The restricted stock units vest as follows: 596 units on each February 10, 2024 and February 10, 2025, 1,563 units on March 6, 2024, 1,564 units on March 6, 2025, 1,565 on March 6, 2026, 1,788 on December 31, 2024, 4,695 on December 31, 2025, 6,704 units on July 1, 2024 and 6,705 units on July 1, 2025.