Kathleen Fraher - 02 Aug 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Chief Operating Officer
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
02 Aug 2021
Net transactions value
-$1,324,254
Form type
4
Filing time
04 Aug 2021, 17:23:31 UTC
Next filing
06 Aug 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 $322,563 -3,109 -15% $103.75* 16,975 02 Aug 2021 Direct F1
transaction SICP Class A Common Stock Sale $197,429 -1,891 -11% $104.40* 15,084 02 Aug 2021 Direct F2
transaction SICP Class A Common Stock Options Exercise $105,000 +8,750 +58% $12.00* 23,834 02 Aug 2021 Direct
transaction SICP Class A Common Stock Sale $655,342 -6,318 -27% $103.73* 17,516 02 Aug 2021 Direct F3
transaction SICP Class A Common Stock Sale $253,920 -2,432 -14% $104.41* 15,084 02 Aug 2021 Direct F4

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 Non-Qualified Stock Options Options Exercise $0 -8,750 -100% $0.000000* 0 02 Aug 2021 Class A Common Stock 8,750 $12.00 Direct
holding SICP Restricted Stock Units 881 02 Aug 2021 Class A Common Stock 881 Direct F5, F6
holding SICP Non-Qualified Stock Options 2,124 02 Aug 2021 Class A Common Stock 2,124 $127.56 Direct F7
holding SICP Restricted Stock Units 3,609 02 Aug 2021 Class A Common Stock 3,609 Direct F5, F8
holding SICP Non-Qualified Stock Options 0 02 Aug 2021 Class A Common Stock 8,750 $12.00 Direct
holding SICP Non-Qualified Stock Options 10,616 02 Aug 2021 Class A Common Stock 10,616 $16.09 Direct F9
* 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 $103.18 to $104.17. 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 $104.18 to $104.90. 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 $103.17 to $104.12. 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 $104.18 to $104.90. The price reported above reflects the weighted average sale [or purchase] 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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F6 The restricted stock units 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.
F7 The option becomes exercisable in three annual installments beginning February 26, 2022.
F8 The restricted stock units vest in four equal annual installments beginning on November 19, 2020. 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.
F9 The option becomes exercisable in four equal annual installments beginning November 18, 2020.