Michael Lempres - 29 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
29 May 2021
Transactions value $
$0
Form type
4
Filing time
02 Jun 2021, 17:22:19 UTC
Next filing
15 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 Options Exercise $0 +2,056 +1.12% $0 3,889 29 May 2021 Direct F1

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 -2,056 -100% $0* 0 29 May 2021 Class A Common Stock 2,056 Direct F1, F2
* 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 The restricted stock units vest in full 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 Class A shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date.