Donna J. Stevens - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Operating Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Donna J. Stevens
Stock symbol
SHBI
Transactions as of
Jul 1, 2024
Transactions value $
$0
Form type
4
Date filed
7/2/2024, 12:07 PM
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 +1.97K +13.28% 16.8K Jul 1, 2024 Direct F1, F2, F3
holding SHBI Common Stock 1.5K Jul 1, 2024 By IRA
holding SHBI Common Stock 60 Jul 1, 2024 By Children

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 -1.97K -24.55% $0.00 6.06K Jul 1, 2024 Common Stock 1.97K Direct F4, F5, F6
* 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 1,371 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024
F3 Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F4 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F5 Restricted stock units vested July 1, 2024.
F6 The restricted stock units vest as follows: 1,971 units on July 1, 2025; 1,361 units on March 7, 2025; 1,362 units on March 7, 2026; and 1,362 units on March 7, 2027.