Shore Bancshares (SHBI) EVP corrects 5,288 RSU grant

Rhea-AI Filing Summary

Augustus John William III reported acquisition or exercise transactions in this Form 4 filing.

Shore Bancshares EVP Augustus John William III reported a corrected equity award. On February 17, 2026, he was granted 5,288 restricted stock units, each representing one share of SHBI common stock. This Form 4/A amends a prior filing that mistakenly reported 2,700 units.

The RSUs vest in three annual installments starting on February 17, 2027. The schedule is 1,762 units on February 17, 2027, 1,763 units on February 17, 2028, and 1,763 units on February 17, 2029, aligning the award with long-term performance and retention.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Augustus John William III

Role EVP, Deputy Chief Credit Off

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,288	$0.00	--

Holdings After Transaction: Restricted Stock Units — 5,288 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock. This Form 4/A is being filed to correct the number of restricted stock units granted on February 17, 2026. The original Form 4 inadvertently reported 2,700 RSUs and the correct number is 5,288 RSUs. Only the corrected line item in Table II has been updated. Represents restricted stock units that vest in 3 installments beginning on February 17, 2027, the first anniversary of the date of the award. Represents restricted stock units that vest as follows: 1762 units on February 17, 2027; 1763 units on February 17, 2028; and 1763 units on February 17, 2029.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Augustus John William III

(Last) (First) (Middle)

18 E. DOVER ST

(Street)

EASTON MD 21601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SHORE BANCSHARES INC [ SHBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Deputy Chief Credit Off

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)
02/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/17/2026		A		5,288(2)		(3)	(3)	Common Stock	5,288	$0	5,288(4)	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.

2. This Form 4/A is being filed to correct the number of restricted stock units granted on February 17, 2026. The original Form 4 inadvertently reported 2,700 RSUs and the correct number is 5,288 RSUs. Only the corrected line item in Table II has been updated.

3. Represents restricted stock units that vest in 3 installments beginning on February 17, 2027, the first anniversary of the date of the award.

4. Represents restricted stock units that vest as follows: 1762 units on February 17, 2027; 1763 units on February 17, 2028; and 1763 units on February 17, 2029.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for John W. Augustus, III	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did SHBI report for Augustus John William III?

Shore Bancshares reported that EVP Augustus John William III received a grant of 5,288 restricted stock units on February 17, 2026. This equity award is in the form of RSUs, each representing one share of SHBI common stock, aligning compensation with future share performance.

Why was this Shore Bancshares (SHBI) Form 4/A filed as an amendment?

The Form 4/A corrects the number of restricted stock units previously disclosed for the February 17, 2026 grant. The original filing reported 2,700 RSUs, but the correct amount is 5,288 RSUs. Only the affected derivative security line in Table II was updated in this amendment.

How many restricted stock units did the SHBI executive ultimately receive?

The Shore Bancshares executive ultimately received 5,288 restricted stock units in this award. The amended filing clarifies that the earlier report understated the grant at 2,700 units, ensuring investors see the accurate size of this equity-based compensation grant for the EVP.

What is the vesting schedule for the 5,288 RSUs at Shore Bancshares?

The 5,288 RSUs vest in three annual installments beginning February 17, 2027. Specifically, 1,762 units vest on February 17, 2027, 1,763 units on February 17, 2028, and 1,763 units on February 17, 2029, supporting long-term retention of the SHBI executive.

Does each SHBI restricted stock unit equal one share of common stock?

Yes, each restricted stock unit in this award represents a contingent right to receive one share of SHBI common stock. The actual delivery occurs as the RSUs vest over time, linking the executive’s realized compensation directly to the company’s share value and vesting conditions.

How does this RSU grant affect the SHBI executive’s reported holdings?

After the corrected RSU grant, the executive’s reported derivative holdings show 5,288 restricted stock units. These are equity-based awards that convert into common shares upon vesting, so they represent potential future ownership rather than immediately exercisable or currently outstanding shares.