Todd L. Capitani - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Financial Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Stock symbol: SHBI
Transactions as of: Jul 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/2/2024, 11:59 AM
Previous filing: Mar 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+5.36K	+20.25%		31.9K	Jul 1, 2024	Direct	F1, F2
holding	SHBI	Common Stock						5.03K	Jul 1, 2024	By ESOP
holding	SHBI	Common Stock						3.29K	Jul 1, 2024	By Spouse 401(k)

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	-5.36K	-29.98%	$0.00	12.5K	Jul 1, 2024	Common Stock	5.36K		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	Includes 209 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested July 1, 2024.
F5	The restricted stock units vest as follows: 329 units on February 10, 2025; 340 units on March 6, 2025; 342 units on March 6, 2026; 987 units on February 10, 2025; 1,025 units on March 6, 2026; 5,364 units on July 1, 2025; 1,380 units on March 7, 2025; 1,380 units on March 7, 2026; and 1,380 units on March 7, 2027.