[Form 4] Shore Bancshares Inc Insider Trading Activity

Rhea-AI Filing Summary

Konrad Wayson, a director of Shore Bancshares Inc. (SHBI), filed a Form 4 reporting insider transactions dated 08/13/2025. The filing shows a purchase of 1,000 common shares at $16.02 and lists 60,731 shares beneficially owned indirectly by a trust after the reported transaction. The form also records a disposition of 21,749 shares but the table does not specify a transaction date or price for that sale. The Form is signed by Christy Lombardi, Attorney in Fact, for Konrad M. Wayson on 08/13/2025.

Positive

• Purchase disclosed: 1,000 common shares acquired at $16.02 on 08/13/2025.
• Maintained indirect ownership: 60,731 shares reported beneficially owned by trust after the reported transactions.

Negative

• Disposition details incomplete: A sale of 21,749 shares is listed without a transaction date or price in the table.
• Limited explanatory remarks: The filing contains no additional narrative clarifying the timing or reason for the 21,749-share disposition.

Insights

Financial Analyst

TL;DR: Routine insider transactions reported: a small purchase, a larger reported disposition, and continued indirect trust ownership; limited detail on the sale.

The Form 4 documents a 1,000-share purchase at $16.02 on 08/13/2025 and records 60,731 shares held indirectly via a trust following the filing. It also lists a 21,749-share disposition without an accompanying transaction date or price in the table, which restricts precise assessment of timing and proceeds. Given the available data, this appears as a standard Section 16 disclosure rather than a clearly material event.

Corporate Governance Expert

TL;DR: Filing complies with Section 16 format but contains incomplete sale details; signature executed by attorney-in-fact.

The report identifies the reporting person as a Director and indicates the Form was filed by one reporting person. The signature block shows Christy Lombardi acting as attorney-in-fact for Konrad M. Wayson, dated 08/13/2025. The absence of a date and price for the 21,749-share disposition in the table reduces transparency and should be clarified in an amendment or explanatory remarks for full compliance and investor clarity.

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^*

WAYSON KONRAD

(Last) (First) (Middle)

18 EAST 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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
Common Stock	08/13/2025		P		1,000	A	$16.02	60,731	I	By Trust
Common Stock								21,749	D

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

Explanation of Responses:

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Konrad M. Wayson	08/13/2025
	** 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 insider transactions did Konrad Wayson report for SHBI?

Reported transactions: a 1,000-share purchase at $16.02 on 08/13/2025 and a listed 21,749-share disposition (sale) with no date or price specified in the table.

How many SHBI shares does Wayson beneficially own after the transactions?

Beneficial ownership after transaction: 60,731 shares reported as held indirectly by a trust.

What is Konrad Wayson's relationship to Shore Bancshares (SHBI)?

Relationship: The form identifies Konrad Wayson as a Director of Shore Bancshares Inc.

Who signed the Form 4 for Konrad Wayson?

Signature: Christy Lombardi, Attorney in Fact, signed the filing on 08/13/2025.

Was this Form 4 filed by multiple reporting persons?

Filing type: The form indicates it was filed by one reporting person (not jointly).