Shore Bancshares director buys 175 SHBI shares

Shore Bancshares director Michael Brian Adams increased his stake in SHBI.

Rhea-AI Filing Summary

Shore Bancshares director Michael Brian Adams increased his stake in SHBI. He acquired 175 shares of common stock at $20.29 per share, boosting his direct holdings to 45,818 shares. The increase is noted as an exempt acquisition under the company’s Dividend Reinvestment Plan pursuant to Rule 16a-11.

Adams also holds 10,047 shares indirectly through a Roth IRA. In addition, he now has 4,165 restricted stock units, including a new grant of 1,855 units that vest on May 21, 2027 and 2,310 units scheduled to vest on July 29, 2026, each unit representing one share of common stock.

Insider Trade Summary

Net Buyer: 175 shares

Net Buy 5 txns

Insider Adams Michael Brian

Role Director

Bought 175 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	175	$20.29	$4K
Grant/Award	Restricted Stock Units	1,855	$0.00	$0.00
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct); Common Stock — 91,461 shares (Direct); Common Stock — 10,047 shares (Indirect, By Roth IRA)

Footnotes (6)

1. F1. Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.
2. F2. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
3. F3. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.
4. F4. Restricted stock units vest as follows: 2,310 shares on July 29, 2026.
5. F5. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.
6. F6. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.

Key Figures

New shares acquired: 175 shares Purchase price: $20.29/share Direct holdings after transaction: 45,818 shares +4 more

7 metrics

New shares acquired 175 shares Common stock acquired via Dividend Reinvestment Plan at $20.29

Purchase price $20.29/share Price for 175 newly acquired SHBI common shares

Direct holdings after transaction 45,818 shares Direct SHBI common stock owned by Adams after acquisition

Indirect Roth IRA holdings 10,047 shares SHBI common stock held indirectly via Roth IRA

New RSU grant 1,855 units Restricted stock units vesting on May 21, 2027

Existing RSUs 2,310 units Restricted stock units vesting on July 29, 2026

Total RSUs held 4,165 units Aggregate restricted stock units after new award

Key Terms

Dividend Reinvestment Plan, Restricted Stock Units, Rule 16a-11, beneficial ownership, +1 more

5 terms

Dividend Reinvestment Plan financial

"Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 16a-11 regulatory

"Exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11."

beneficial ownership financial

"Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Roth IRA financial

"Indirect ownership reported as 10,047 common shares held By Roth IRA."

A Roth IRA is a retirement savings account you fund with money that’s already been taxed, and withdrawals taken in retirement under the account rules are tax-free. It matters to investors because it shifts the tax bill to today instead of retirement, potentially increasing after-tax income later—think of it like paying for a lifetime subscription now so you can use it without extra charges in the future—helpful for long-term tax planning and flexibility.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SHBI director Michael Brian Adams do in this Form 4 filing?

Michael Brian Adams increased his SHBI holdings by acquiring 175 common shares at $20.29 each via the Dividend Reinvestment Plan. He also reported updated positions in directly held shares, Roth IRA holdings, and restricted stock units with future vesting dates.

How many Shore Bancshares (SHBI) shares does Adams own after the latest transactions?

After the latest transactions, Adams directly holds 45,818 SHBI common shares. He also indirectly owns 10,047 shares through a Roth IRA, giving him a combined reported equity exposure that is much larger than the 175-share incremental acquisition disclosed in this update.

What price did Adams pay for the newly acquired SHBI shares?

Adams acquired 175 SHBI common shares at an average price of $20.29 per share. The footnotes state this was an exempt acquisition under the Shore Bancshares Dividend Reinvestment Plan, which allows automatic share purchases using reinvested dividends.

What restricted stock units does Adams hold in Shore Bancshares (SHBI)?

Adams holds 4,165 restricted stock units, each representing one future SHBI share. Of these, 2,310 units are scheduled to vest on July 29, 2026, and a newly reported 1,855-unit award will vest on May 21, 2027, subject to standard vesting conditions.

How significant is the 175-share SHBI acquisition relative to Adams’s total holdings?

The 175-share acquisition is small compared with Adams’s total reported stake. He now directly owns 45,818 shares and indirectly owns 10,047 shares, so the new purchase represents only a minor incremental increase in his overall Shore Bancshares equity position.

What does the Dividend Reinvestment Plan mean for SHBI shareholders like Adams?

The Dividend Reinvestment Plan lets shareholders automatically use cash dividends to buy additional SHBI shares. For Adams, this resulted in an exempt acquisition of 175 shares, slightly increasing his beneficial ownership without executing a traditional open-market stock purchase.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 05:20 PM EDT 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^*

Adams Michael Brian

(Last) (First) (Middle)

18 E DOVER STREET

(Street)

EASTON MARYLAND 21601

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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

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

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

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								45,643(1)	D
Common Stock	05/26/2026		P		175	A	$20.29	45,818	D
Common Stock								10,047(1)	I	By Roth IRA

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	(2)							(3)	(4)	Common Stock	2,310		2,310	D
Restricted Stock Units	(2)	05/21/2026		A		1,855		(5)	(6)	Common Stock	1,855	$0	4,165	D

Explanation of Responses:

1. Reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan pursuant to Rule 16a-11.

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

3. Represents restricted stock units that vest on July 29, 2026, the first anniversary of the award.

4. Restricted stock units vest as follows: 2,310 shares on July 29, 2026.

5. Represents restricted stock units that vest on May 21, 2027, the first anniversary of the award.

6. Restricted stock units vest as follows: 1,855 shares on May 21, 2027.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Michael Brian Adams	05/26/2026
	** 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.
* Form 4: SEC 1474 (03-26)