Todd L. Capitani - Mar 6, 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Financial Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Todd L. Capitani
Stock symbol
SHBI
Transactions as of
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 11:52 AM
Previous filing
Mar 3, 2025
Next filing
Jul 2, 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 +340 +1.01% 33.9K Mar 6, 2025 Direct F1, F2
transaction SHBI Common Stock Options Exercise +1.38K +4.07% 35.3K Mar 7, 2025 Direct F1, F2
holding SHBI Common Stock 3.29K Mar 6, 2025 By Spouse 401(k)
holding SHBI Common Stock 5.03K Mar 6, 2025 By 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 -340 -2.14% $0.00 15.5K Mar 6, 2025 Common Stock 340 Direct F3, F4, F5
transaction SHBI Restricted Stock Units Options Exercise $0 -1.38K -8.89% $0.00 14.1K Mar 7, 2025 Common Stock 1.38K Direct F3, F6, F7
* 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 575 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 6, 2025.
F5 The restricted stock units vest as follows: 342 units on March 6, 2026, 1,025 units on March 6, 2026, 5,364 units on July 1, 2025, 1,380 units on March 7, 2025, 1,380 units on March 7, 2026, 1,380 units on March 7, 2027, 1,548 units on February 27, 2026, 1,548 units on February 27, 2027 and 1,548 units on February 27, 2028.
F6 Restricted stock units vested March 7, 2025.
F7 The restricted stock units vest as follows: 342 units on March 6, 2026, 1,025 units on March 6, 2026, 5,364 units on July 1, 2025, 1,380 units on March 7, 2026, 1,380 units on March 7, 2027, 1,548 units on February 27, 2026, 1,548 units on February 27, 2027 and 1,548 units on February 27, 2028.