InsiderTrades

Form 4 for SHBI SHORE BANCSHARES INC

Accepted 2023-07-05 00:00:00 ET · period of report 2023-07-01 · accession 0001104659-23-078360 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
DMI 2023-07-05 2023-07-01 SHBI McDonald Rebecca Middleton Dir A - Grant $0.00 +32.9K 2,619 New $0
D 2023-07-05 2023-07-01 SHBI McDonald Rebecca Middleton Dir A - Grant $0.00 +52.5K 52.5K New $0
D 2023-07-05 2023-07-01 SHBI McDonald Rebecca Middleton Dir A - Grant $0.00 +692 692 New $0

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2023-07-01 A A 16,300 $0.00 16,300 I By Custodian for KPM — — (F3) The indicated shares were received in exchange for 7,000 shares of TCFC in connection with merger. (F2) At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.
2 Common Common Stock 2023-07-01 A A 13,972 $0.00 13,972 I — — (F5) The indicated shares were received in exchange for 6,000 shares of TCFC in connection with merger. (F2) At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.
3 Common Common Stock 2023-07-01 A A 2,619 $0.00 2,619 I By Trustee for EFD IR Trust — — (F4) The indicated shares were received in exchange for 1,125 shares of TCFC in connection with merger. (F2) At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.
4 Common Common Stock 2023-07-01 A A 52,479 $0.00 52,479 D By Trustee for BMF Trust — — (F1) On July 1, 2023, the company formerly known as The Community Financial Corporation ("TCFC") merged with and into Shore Bancshares Inc. (the "Issuer"). The indicated shares were received in exchange for 22,536 shares of TCFC in connection with merger. (F2) At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.
5 Derivative Restricted Stock Units 2023-07-01 A A 692 $0.00 692 D — · — to — 692 Common Stock (F8) The indicated RSUs were received in exchange for 297 RSUs of TCFC in connection with merger. (F2) At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer. (F6) Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. (F7) The restricted stock units that vest on September 28, 2023.