Kathleen Fraher - 26 Feb 2022 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
26 Feb 2022
Net transactions value
-$12,290
Form type
4
Filing time
01 Mar 2022, 15:52:26 UTC
Previous filing
24 Feb 2022
Next filing
22 Apr 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 Options Exercise $0 +294 +2.6% $0.000000 11,699 26 Feb 2022 Direct
transaction SICP Class A Common Stock Tax liability $12,290 -102 -0.87% $120.49* 11,597 26 Feb 2022 Direct

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 -294 -33% $0.000000 587 26 Feb 2022 Class A Common Stock 294 Direct F1, F2
holding SICP Restricted Stock Units 1,578 26 Feb 2022 Class A Common Stock 1,578 Direct F3, F4
holding SICP Non-Qualified Stock Options 3,648 26 Feb 2022 Class A Common Stock 3,648 $110.84 Direct F5
holding SICP Restricted Stock Units 4,510 26 Feb 2022 Class A Common Stock 4,510 Direct F3, F6
holding SICP Restricted Stock Units 2,406 26 Feb 2022 Class A Common Stock 2,406 Direct F3, F7
holding SICP Non-Qualified Stock Options 7,077 26 Feb 2022 Class A Common Stock 7,077 $16.09 Direct F8
holding SICP Non-Qualified Stock Options 2,124 26 Feb 2022 Class A Common Stock 2,124 $127.56 Direct F9
* 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 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 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F4 The restricted stock units vest in three equal annual installments beginning on February 22, 2023. 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.
F5 The option becomes exercisable in three annual installments beginning February 22, 2023.
F6 The restricted stock units vest in two equal installments, on February 22, 2025, and February 22, 2026. 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 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 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, local and foreign taxes of any kind.
F8 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F9 The option becomes exercisable in three annual installments beginning February 26, 2022.