Kathleen Fraher - 16 Sep 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: 16 Sep 2021
Net transactions value: $0
Form type: 4
Filing time: 17 Sep 2021, 17:11:42 UTC
Previous filing: 15 Sep 2021
Next filing: 23 Nov 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	Gift	$0	-455	-4.1%	$0.000000	10,779	16 Sep 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
holding	SICP	Restricted Stock Units						881	16 Sep 2021	Class A Common Stock	881		Direct	F2, F3
holding	SICP	Non-Qualified Stock Options						2,124	16 Sep 2021	Class A Common Stock	2,124	$127.56	Direct	F4
holding	SICP	Restricted Stock Units						3,609	16 Sep 2021	Class A Common Stock	3,609		Direct	F2, F5
holding	SICP	Non-Qualified Stock Options						0	16 Sep 2021	Class A Common Stock	8,750	$12.00	Direct
holding	SICP	Non-Qualified Stock Options						10,616	16 Sep 2021	Class A Common Stock	10,616	$16.09	Direct	F6

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

Explanation of Responses:

Id	Content
F1	The shares were disposed of in connection with a bona fide charitable gift by the Reporting Person to a qualified entity.
F2	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F3	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.
F4	The option becomes exercisable in three annual installments beginning February 26, 2022.
F5	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.
F6	The option becomes exercisable in four equal annual installments beginning November 18, 2020.