Andrea E. Colender - Jul 1, 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Legal Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender
Stock symbol: SHBI
Transactions as of: Jul 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/2/2024, 12:22 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		+995	+4.23%		24.5K	Jul 1, 2024	Direct	F1, F2
holding	SHBI	Common Stock						3.29K	Jul 1, 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	-995	-18.77%	$0.00	4.31K	Jul 1, 2024	Common Stock	995		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 1,852 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: 995 units on July 1, 2025; 1,104 units on March 7, 2025; 1,104 units on March 7, 2026; and 1,104 units on March 7, 2027.