Andrea E. Colender - Mar 7, 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role: EVP, Chief Legal Officer
Signature: /s/ Christy Lombardi, Attorney in Fact for Andrea E. Colender
Stock symbol: SHBI
Transactions as of: Mar 7, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/10/2025, 11:25 AM
Previous filing: Mar 3, 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		+1.1K	+4.44%		26K	Mar 7, 2025	Direct	F1, F2
holding	SHBI	Common Stock						3.29K	Mar 7, 2025	By IRA

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	-1.1K	-13.37%	$0.00	7.15K	Mar 7, 2025	Common Stock	1.1K		Direct	F3, F4, F5

* 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 2,217 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 7, 2025.
F3	Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F4	Restricted stock units vested March 7, 2025.
F5	The restricted stock units vest as follows: 995 units on July 1, 2025, 1,104 units on March 7, 2026, 1,104 units on March 7, 2027, 1,316 units on February 27, 2026, 1,316 units on February 27, 2027 and 1,316 units on February 27, 2028.