[Form 4] Shore Bancshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Noah E. Stayton, EVP and Chief Information Officer of Shore Bancshares Inc. (SHBI), reported receipt of restricted stock units on 08/21/2025. The Form 4 shows two awards totaling 11,078 restricted stock units, each unit representing a contingent right to one share of SHBI common stock. The awards are recorded at a $0 per-share price. The units are direct holdings and vest in three annual installments beginning on August 21, 2026, with specific tranche details provided in the filing.

Positive

• Reporting person is an officer (EVP, Chief Information Officer) as disclosed on the Form 4
• Total of 11,078 restricted stock units reported as beneficially owned following the transaction
• Each RSU represents a contingent right to one share as explicitly stated in the filing

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Officer received time‑based equity awards totaling 11,078 RSUs, vesting over three years.

The filing documents a routine equity grant to an executive, delivered as restricted stock units that convert to common shares upon vesting. The award is recorded with a $0 price per unit, consistent with standard RSU accounting where no cash purchase occurred. Vesting in equal annual installments beginning one year after grant aligns with common retention practices. The disclosure is straightforward and does not indicate any change in control provisions or derivative activity.

Compensation Analyst

TL;DR: Total direct beneficial ownership after the grant is 11,078 RSUs; vesting schedule spans three years.

The Form 4 specifies two separate RSU entries dated 08/21/2025 for the reporting person, adding to a total of 11,078 units that will convert to common shares on vesting. The filing includes explicit vesting installments and confirms direct ownership form. This disclosure is a routine equity compensation event and provides clear timing for when additional shares may enter the market as RSUs vest.

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

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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^*

Stayton Noah Edward

(Last) (First) (Middle)

18 EAST DOVER STREET

(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, Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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

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)	08/21/2025		A		9,584		(2)	(2)	Common Stock	9,584	$0	9,584	D
Restricted Stock Units	(1)	08/21/2025		A		1,494		(2)	(2)	Common Stock	1,494	$0	11,078(3)	D

Explanation of Responses:

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

2. Represents restricted stock units that vest in 3 annual installments beginning on August 21, 2026, the first anniversary of the date of the award.

3. Represents restricted stock units that vest as follows: 3,194 and 498 units on August 21, 2026, 3,195 and 498 units on August 21, 2027 and 3,195 and 498 units on August 21, 2028.

Remarks:

	/s/ Christy Lombardi, Attorney In Fact for Noah E. Stayton	08/22/2025
	** 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 did Noah E. Stayton report on the SHBI Form 4?

He reported acquisition of restricted stock units totaling 11,078 RSUs on 08/21/2025.

How do the restricted stock units vest for the SHBI award?

The RSUs vest in three annual installments beginning August 21, 2026, with tranche details provided in the filing.

What is the price recorded for the RSU awards on the Form 4 (SHBI)?

The awards are recorded at $0 per unit on the Form 4.

How many shares will the RSUs convert to upon vesting?

Each RSU represents the right to one share of SHBI common stock, so 11,078 RSUs correspond to 11,078 shares upon vesting.

What is the reporting person's role at Shore Bancshares (SHBI)?

Noah E. Stayton is reported as EVP, Chief Information Officer on the Form 4.