Talal Tay - Mar 6, 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
EVP, Chief Risk Officer
Signature
/s/ Christy Lombardi, Attorney in Fact for Talal Tay
Stock symbol
SHBI
Transactions as of
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 11:58 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 +247 +2.03% 12.4K Mar 6, 2025 Direct F1, F2, F3
transaction SHBI Common Stock Options Exercise +1.2K +9.62% 13.6K Mar 7, 2025 Direct F1, F2, F3
holding SHBI Common Stock 1K 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 -247 -2.38% $0.00 10.1K Mar 6, 2025 Common Stock 247 Direct F4, F5, F6
transaction SHBI Restricted Stock Units Options Exercise $0 -1.2K -11.82% $0.00 8.92K Mar 7, 2025 Common Stock 1.2K Direct F4, 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 1,956 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 7, 2025.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
F5 Restricted stock units vested March 6, 2025.
F6 The restricted stock units vest as follows: 249 units on March 6, 2026, 745 units on March 6, 2026, 1,353 units on July 1, 2025, 1,196 units on March 7, 2025, 1,196 units on March 7, 2026, 1,196 units on March 7, 2027, 1,393 units on February 27, 2026, 1,393 units on February 27, 2027 and 1,394 units on February 27, 2028.
F7 Restricted stock units vested March 7, 2025.
F8 The restricted stock units vest as follows: 249 units on March 6, 2026, 745 units on March 6, 2026, 1,353 units on July 1, 2025, 1,196 units on March 7, 2026, 1,196 units on March 7, 2027, 1,393 units on February 27, 2026, 1,393 units on February 27, 2027 and 1,394 units on February 27, 2028.