ALAN J. LANE - 21 Jul 2022 Form 4 Insider Report for Silvergate Capital Corp (SICP)

Role
President and CEO, Director
Signature
/s/ John M. Bonino, as Attorney-in-Fact
Issuer symbol
SICP
Transactions as of
21 Jul 2022
Net transactions value
-$1,245,832
Form type
4
Filing time
22 Jul 2022, 16:37:18 UTC
Previous filing
06 May 2022
Next filing
29 Mar 2023
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 $262,492 +16,314 $16.09* 16,314 21 Jul 2022 Direct
transaction SICP Class A Common Stock Sale $652,019 -7,100 -44% $91.83* 9,214 21 Jul 2022 Direct F1
transaction SICP Class A Common Stock Sale $856,305 -9,214 -100% $92.94* 0 21 Jul 2022 Direct F2
holding SICP Class A Common Stock 142,832 21 Jul 2022 By Self and Spouse as Trustees of Lane Trust
holding SICP Class A Common Stock 88,268 21 Jul 2022 By IRA
holding SICP Class A Common Stock 1,758 21 Jul 2022 By 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
transaction SICP Non-Qualified Stock Options Options Exercise $0 -16,314 -50% $0.000000 16,314 21 Jul 2022 Class A Common Stock 16,314 $16.09 Direct F3
holding SICP Restricted Stock Units 2,169 21 Jul 2022 Class A Common Stock 2,169 Direct F4, F5
holding SICP Restricted Stock Units 5,977 21 Jul 2022 Class A Common Stock 5,977 Direct F6, F7
holding SICP Non-Qualified Stock Options 13,810 21 Jul 2022 Class A Common Stock 13,810 $110.84 Direct F8
holding SICP Restricted Stock Units 5,546 21 Jul 2022 Class A Common Stock 5,546 Direct F6, F9
holding SICP Non-Qualified Stock Options 7,838 21 Jul 2022 Class A Common Stock 7,838 $127.56 Direct F10
* 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 $91.40 to $92.255. 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 $92.33 to $93.24. 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 The option becomes exercisable in four equal annual installments beginning November 18, 2020.
F4 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F5 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.
F6 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
F7 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.
F8 The option becomes exercisable in three annual installments beginning February 22, 2023.
F9 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, and local taxes of any kind.
F10 The option becomes exercisable in three annual installments beginning February 26, 2022.