Son-Jai Paik - 08 Nov 2021 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role: Chief Human Resource Officer
Signature: /s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol: SICP
Transactions as of: 08 Nov 2021
Net transactions value: -$1,096,900
Form type: 4
Filing time: 09 Nov 2021, 15:28:00 UTC
Next filing: 24 Feb 2022
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	$1,096,900	-5,000	-45%	$219.38^*	6,110	08 Nov 2021	Former employer 401(k) plan
holding	SICP	Class A Common Stock						168	08 Nov 2021	Employer 401(k) plan

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						718	08 Nov 2021	Class A Common Stock	718		Direct	F1, F2
holding	SICP	Non-Qualified Stock Options						1,731	08 Nov 2021	Class A Common Stock	1,731	$127.56	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F2	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.
F3	The option becomes exercisable in three annual installments beginning February 26, 2022.