Lacey A. Pierce - Mar 6, 2025 Form 4 Insider Report for SHORE BANCSHARES INC (SHBI)

Role
Chief Strategy&ProjectOfficer
Signature
/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce
Stock symbol
SHBI
Transactions as of
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 12:01 PM
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 +245 +0.75% 33K Mar 6, 2025 Direct F1, F2, F3, F4
transaction SHBI Common Stock Options Exercise +965 +2.92% 34K Mar 7, 2025 Direct F1, F2, F3, F4
holding SHBI Common Stock 20.8K Mar 6, 2025 By Spouse F3, F5
holding SHBI Common Stock 3.96K Mar 6, 2025 By ESOP
holding SHBI Common Stock 4.92K Mar 6, 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 -245 -2.93% $0.00 8.13K Mar 6, 2025 Common Stock 245 Direct F6, F7, F8
transaction SHBI Restricted Stock Units Options Exercise $0 -965 -11.87% $0.00 7.16K Mar 7, 2025 Common Stock 965 Direct F6, F9, F10
* 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 755 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 Includes 22,768 shares held jointly with spouse.
F5 Includes 755 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of March 7, 2025.
F6 Each restricted stock unit represents a contingent right to receive one share of SBHI common stock.
F7 Restricted stock units vested March 6, 2025.
F8 The restricted stock units vest as follows; 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, 966 units on March 7, 2027, 965 units on February 27, 2026, 965 units on February 27, 2027 and 966 units on February 27, 2028.
F9 Restricted stock units vested March 7, 2025.
F10 The restricted stock units vest as follows; 984 units on March 6, 2026; 1,353 units on July 1, 2025, 965 units on March 7, 2026, 966 units on March 7, 2027, 965 units on February 27, 2026, 965 units on February 27, 2027 and 966 units on February 27, 2028.