THOMAS C. DIRCKS - 26 May 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role: Director
Signature: /s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol: SICP
Transactions as of: 26 May 2021
Transactions value $: -$3,429,080
Form type: 4
Filing time: 28 May 2021, 16:34:27 UTC
Next filing: 02 Jun 2021
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	Sale	-$397,778	-3,484	-3.63%	$114.17^*	92,416	26 May 2021	By Charter Digital LLC	F1
transaction	SICP	Class A Common Stock	Sale	-$724,846	-6,400	-6.93%	$113.26^*	86,016	26 May 2021	By Charter Digital LLC	F2
transaction	SICP	Class A Common Stock	Sale	-$13,093	-116	-0.13%	$112.87^*	85,900	26 May 2021	By Charter Digital LLC
transaction	SICP	Class A Common Stock	Sale	-$942,501	-8,272	-9.63%	$113.94^*	77,628	27 May 2021	By Charter Digital LLC	F3
transaction	SICP	Class A Common Stock	Sale	-$749,057	-6,528	-8.41%	$114.75^*	71,100	27 May 2021	By Charter Digital LLC	F4
transaction	SICP	Class A Common Stock	Sale	-$23,100	-200	-0.28%	$115.5^*	70,900	27 May 2021	By Charter Digital LLC
transaction	SICP	Class A Common Stock	Sale	-$184,280	-1,600	-2.26%	$115.18^*	69,300	27 May 2021	By Charter Digital LLC	F5
transaction	SICP	Class A Common Stock	Sale	-$394,422	-3,400	-4.91%	$116.01^*	65,900	27 May 2021	By Charter Digital LLC	F6
holding	SICP	Class A Common Stock						12,765	26 May 2021	Direct
holding	SICP	Class A Common Stock						46,299	26 May 2021	By Dircks Family LLC
holding	SICP	Class A Common Stock						23,183	26 May 2021	By Family Foundation

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
holding	SICP	Restricted Stock Units						2,056	26 May 2021	Class A Common Stock	2,056		Direct	F7, F8

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $114.00 to $114.54. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	This transaction was executed in multiple trades at prices ranging from $113.00 to $113.98. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3	This transaction was executed in multiple trades at prices ranging from $113.27 to $114.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4	This transaction was executed in multiple trades at prices ranging from $114.28 to $115.26. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5	This transaction was executed in multiple trades at prices ranging from $114.55 to $115.50. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6	This transaction was executed in multiple trades at prices ranging from $115.66 to $116.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F7	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F8	The restricted stock units vest fully on May 29, 2021. 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.