[Form 4] Shore Bancshares Inc Insider Trading Activity

Insider Trade Summary

1,353 shares exercised/converted

Exercise 5 txns

Insider Pierce Lacey Amanda

Role Chief Strategy&ProjectOfficer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,353	$0.00	$0.00
Exercise	Common Stock	1,353	$0.00	$0.00
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 5,811 contracts (Direct); Common Stock — 35,587 shares (Direct); Common Stock — 20,970 shares (Indirect, By Spouse); Common Stock — 3,963 shares (Indirect, By ESOP); Common Stock — 4,919 shares (Indirect, By Spouse ESOP)

Footnotes (8)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. Includes 755 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.
3. 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.
4. F4. Includes 22,958 shares held jointly with spouse.
5. F5. Includes 755 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.
6. F6. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
7. F7. Restricted stock units vested July 1, 2025.
8. F8. The restricted stock units vest as follows; 984 units on March 6, 2026; 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.

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Accepted by SEC EDGAR 07/02/2025 - 01:41 PM Learn about SEC filing dates

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^*

Pierce Lacey Amanda

(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)
	Chief Strategy&ProjectOfficer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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	07/01/2025		M		1,353	A	(1)	35,587(2)(3)(4)	D
Common Stock								20,970(3)(5)	I	By Spouse
Common Stock								3,963	I	By ESOP
Common Stock								4,919	I	By Spouse ESOP

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	(6)	07/01/2025		M			1,353	(7)	(8)	Common Stock	1,353	$0	5,811	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Includes 755 shares acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.

3. 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.

4. Includes 22,958 shares held jointly with spouse.

5. Includes 755 shares Mr. Pierce acquired under the Shore Bancshares, Inc. Employee Stock Purchase Plan as of July 1, 2025.

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

7. Restricted stock units vested July 1, 2025.

8. The restricted stock units vest as follows; 984 units on March 6, 2026; 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.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Lacey A. Pierce	07/02/2025
	** 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.