Charles E. Ruch Jr. - Mar 7, 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Credit Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Charles E. Ruch, Jr.
Stock symbol
SHBI
Transactions as of
Mar 7, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 11:27 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 +26.84% 5.22K Mar 7, 2025 Direct F1

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 -13.05% $0.00 7.35K Mar 7, 2025 Common Stock 1.1K Direct F2, F3, F4
* 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 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F3 Restricted stock units vested March 7, 2025.
F4 The restricted stock units vest as follows; 1,082 units on 7/1/2025; 1,104 units on March 7, 2026; 1,104 units on March 7, 2027; 1,354 units on February 27, 2026; 1,355 units on February 27, 2027 and 1,355 units on February 27, 2028.