Lacey A. Pierce - 10 Feb 2025 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
10 Feb 2025
Net transactions value
$0
Form type
4
Filing time
12 Feb 2025, 17:44:55 UTC
Previous filing
02 Jul 2024
Next filing
03 Mar 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 +235 +0.74% 31,788 10 Feb 2025 Direct F1, F2, F3, F4
transaction SHBI Common Stock Options Exercise +706 +2.2% 32,494 10 Feb 2025 Direct F1, F2, F3, F4
holding SHBI Common Stock 20,739 10 Feb 2025 By Spouse F4, F5
holding SHBI Common Stock 3,963 10 Feb 2025 By ESOP
holding SHBI Common Stock 4,919 10 Feb 2025 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 -235 -3.7% $0.000000 6,184 10 Feb 2025 Common Stock 235 Direct F6, F7, F8
transaction SHBI Restricted Stock Units Options Exercise $0 -706 -11% $0.000000 5,478 10 Feb 2025 Common Stock 706 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 22,588 shares held jointly with spouse.
F3 Includes 755 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of February 10, 2025.
F4 The amount held reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under the Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
F5 Includes 755 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of February 10, 2025.
F6 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F7 Restricted stock units vested February 10, 2025
F8 The restricted stock units vest as follows; 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.