Kathleen Fraher - 19 Nov 2023 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Transition Officer
Signature
/s/ Kathleen Fraher
Issuer symbol
SICP
Transactions as of
19 Nov 2023
Net transactions value
-$148
Form type
4
Filing time
21 Nov 2023, 16:30:38 UTC
Previous filing
28 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SICP Class A Common Stock Options Exercise $0 +1,203 +11% $0.000000 12,571 19 Nov 2023 Direct F1
transaction SICP Class A Common Stock Tax liability $148 -491 -3.9% $0.3022 12,080 19 Nov 2023 Direct

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 SICP Restricted Stock Units Options Exercise $0 -1,203 -100% $0.000000* 0 19 Nov 2023 Class A Common Stock 1,203 Direct F2, F3
holding SICP Restricted Stock Units 294 19 Nov 2023 Class A Common Stock 294 Direct F2, F4
holding SICP Restricted Stock Units 1,052 19 Nov 2023 Class A Common Stock 1,052 Direct F2, F5
holding SICP Restricted Stock Units 4,510 19 Nov 2023 Class A Common Stock 4,510 Direct F2, F6
holding SICP Non-Qualified Stock Options 7,077 19 Nov 2023 Class A Common Stock 7,077 $16.09 Direct F7
holding SICP Non-Qualified Stock Options 3,648 19 Nov 2023 Class A Common Stock 3,648 $110.84 Direct F8
holding SICP Non-Qualified Stock Options 2,124 19 Nov 2023 Class A Common Stock 2,124 $127.56 Direct F9
* 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 Class A Common Stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3 The restricted stock units were granted on November 19, 2019 and vest in four equal annual installments beginning on November 19, 2020, the last of which occurred on November 19, 2023. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.
F4 The restricted stock units were granted on February 26, 2021 and vest in three equal annual installments beginning on February 26, 2022. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F5 The restricted stock units were granted on February 22, 2022 and vest in three equal annual installments beginning on February 22, 2023. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F6 The restricted stock units were granted on February 22, 2022 and vest in two equal installments, on February 22, 2025, and February 22, 2026. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
F7 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F8 The option becomes exercisable in three annual installments beginning February 22, 2023.
F9 The option becomes exercisable in three annual installments beginning February 26, 2022.