FRANK DENNIS S - 02 Aug 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: 02 Aug 2021
Transactions value $: $-4,754,855
Form type: 4
Filing time: 04 Aug 2021, 17:26:07 UTC
Previous filing: 15 Jun 2021
Next filing: 13 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	$-678,443	-6,651	-3.43%	$102.01^*	187,039	02 Aug 2021	Direct	F1
transaction	SICP	Class A Common Stock	Sale	$-759,735	-7,348	-3.93%	$103.39^*	179,691	02 Aug 2021	Direct	F2
transaction	SICP	Class A Common Stock	Sale	$-1,476,932	-14,138	-7.87%	$104.47^*	165,553	02 Aug 2021	Direct	F3
transaction	SICP	Class A Common Stock	Sale	$-487,697	-4,629	-2.8%	$105.36^*	160,924	02 Aug 2021	Direct	F4
transaction	SICP	Class A Common Stock	Sale	$-148,717	-1,400	-0.87%	$106.23^*	159,524	02 Aug 2021	Direct	F5
transaction	SICP	Class A Common Stock	Sale	$-89,334	-834	-0.52%	$107.12^*	158,690	02 Aug 2021	Direct	F6
transaction	SICP	Class A Common Stock	Sale	$-61,041	-600	-5.6%	$101.73^*	10,110	02 Aug 2021	By IRA	F7
transaction	SICP	Class A Common Stock	Sale	$-743,411	-7,169	-70.9%	$103.70^*	2,941	02 Aug 2021	By IRA	F8
transaction	SICP	Class A Common Stock	Sale	$-163,293	-1,557	-52.9%	$104.88^*	1,384	02 Aug 2021	By IRA	F9
transaction	SICP	Class A Common Stock	Sale	$-146,253	-1,383	-100%	$105.75^*	0	02 Aug 2021	By IRA	F10

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						674	02 Aug 2021	Class A Common Stock	674		Direct	F11, F12

* 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 $101.67 to $102.66. 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 $102.82 to $103.79. 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 $103.83 to $104.78. 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.
F4	This transaction was executed in multiple trades at prices ranging from $104.83 to $105.82. 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 $105.90 to $106.81. 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 $106.98 to $107.28. 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	This transaction was executed in multiple trades at prices ranging from $101.70 to $101.85. 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.
F8	This transaction was executed in multiple trades at prices ranging from $103.50 to $104.49. 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.
F9	This transaction was executed in multiple trades at prices ranging from $104.50 to $105.485. 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.
F10	Correction of a numerical error overstating share total by one share.
F11	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F12	The restricted stock units vest in full on June 11, 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.