Derek J. Eisele - 26 Feb 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
Executive Vice President
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
26 Feb 2022
Transactions value $
-$4,338
Form type
4
Filing time
01 Mar 2022, 15:56:50 UTC
Previous 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 Options Exercise $0 +104 $0 104 26 Feb 2022 Direct
transaction SICP Class A Common Stock Tax liability -$4,337 -36 -35% $120.49* 68 26 Feb 2022 Direct
holding SICP Class A Common Stock 103,905 26 Feb 2022 By Self and Spouse as Trustees of Eisele Family Trust
holding SICP Class A Common Stock 277 26 Feb 2022 By Credit Shelter Trust F1
holding SICP Class A Common Stock 75,098 26 Feb 2022 By Irrevocable Trust F2

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 -104 -33% $0 209 26 Feb 2022 Class A Common Stock 104 Direct F3, F4
holding SICP Restricted Stock Units 377 26 Feb 2022 Class A Common Stock 377 Direct F5, F6
holding SICP Non-Qualified Stock Options 871 26 Feb 2022 Class A Common Stock 871 $110.84 Direct F7
holding SICP Restricted Stock Units 1,821 26 Feb 2022 Class A Common Stock 1,821 Direct F5, F8
holding SICP Non-Qualified Stock Options 10,716 26 Feb 2022 Class A Common Stock 10,716 $16.09 Direct F9
holding SICP Non-Qualified Stock Options 755 26 Feb 2022 Class A Common Stock 755 $127.56 Direct F10
holding SICP Non-Qualified Stock Options 30,000 26 Feb 2022 Class A Common Stock 30,000 $5.64 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a co-trustee and remainder beneficiary of the Credit Shelter Trust U/W of Mary P. Eisele. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F2 The reporting person is a trustee and beneficiary of the George R. Eisele Irrevocable Trust II. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F3 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F4 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.
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 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.
F7 The option becomes exercisable in three annual installments beginning February 22, 2023.
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 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.
F9 The option becomes exercisable in four equal annual installments beginning November 19, 2020.
F10 The option becomes exercisable in three annual installments beginning February 26, 2022.