Lacey A. Pierce - 01 Jul 2024 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Administrative Ofc
Signature: /s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Issuer symbol: SHBI
Transactions as of: 01 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2024, 13:44:04 UTC
Previous filing: 08 Mar 2024
Next filing: 12 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHBI	Common Stock	Options Exercise		+1,352	+4.6%		30,845	01 Jul 2024	Direct	F1, F2, F3, F4
holding	SHBI	Common Stock						3,963	01 Jul 2024	By ESOP
holding	SHBI	Common Stock						20,319	01 Jul 2024	By Spouse	F4, F5
holding	SHBI	Common Stock						4,919	01 Jul 2024	By Spouse ESOP

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	SHBI	Restricted Stock Units	Options Exercise	$0	-1,352	-17%	$0.000000	6,419	01 Jul 2024	Common Stock	1,352		Direct	F6, F7, F8

* 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 common stock on a one-for-one basis.
F2	Includes 22,236 shares held jointly with spouse.
F3	Includes 527 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F4	Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F5	Includes 527 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of May 10, 2024.
F6	Each restricted stock unit represents a contingent right to receive one share of SBHI common stock.
F7	Restricted stock units vested July 1, 2024.
F8	The restricted stock units vest as follows; 941 units on February 10, 2025; 245 units on March 6, 2025; 984 units on March 6, 2026; 1,353 units on July 1, 2025; 965 units on March 7, 2025; 965 units on March 7, 2026; and 966 units on March 7, 2027.