Shore Bancshares (SHBI) director adds 5,000 shares at $19.99 via IRA

Rhea-AI Filing Summary

Shore Bancshares director reports stock purchase. Director William E. Esham III bought 5,000 shares of Shore Bancshares common stock on February 5, 2026 at a price of $19.99 per share through an IRA account. After this transaction, he indirectly holds 5,510 shares via the IRA and directly holds 7,371 shares.

Insider Trade Summary

Net Buyer: 5,000 shares ($99,950)

Net Buy 2 txns

Insider Esham William E. III

Role Director

Bought 5,000 shs ($100K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,000	$19.99	$100K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,510 shares (Indirect, By IRA); Common Stock — 7,371 shares (Direct)

Footnotes (1)

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^*

Esham William E. 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026		P		5,000	A	$19.99	5,510	I	By IRA
Common Stock								7,371	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 William E. Esham, III	02/09/2026
	** 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 director William E. Esham III report?

Director William E. Esham III reported buying 5,000 Shore Bancshares (SHBI) common shares on February 5, 2026 at $19.99 per share. The purchase was made through an IRA account, increasing his reported beneficial ownership in the company.

How many SHBI shares does William E. Esham III own after this Form 4?

After the reported transaction, William E. Esham III beneficially owns 5,510 Shore Bancshares shares indirectly through an IRA and 7,371 shares directly. The Form 4 shows these updated holdings as of the February 5, 2026 transaction date.

Was the SHBI Form 4 transaction a purchase or a sale of shares?

The SHBI Form 4 reports a purchase transaction. Director William E. Esham III acquired 5,000 shares of Shore Bancshares common stock, coded “P” for purchase, at a price of $19.99 per share on February 5, 2026 through an IRA account.

At what price were the SHBI shares bought in this insider transaction?

The shares were bought at $19.99 per share. The Form 4 lists a transaction in Shore Bancshares common stock where 5,000 shares were acquired at this price on February 5, 2026, increasing the director’s indirect IRA holdings to 5,510 shares.

How are SHBI shares held by William E. Esham III categorized after the trade?

After the trade, 5,510 Shore Bancshares shares are held indirectly “By IRA,” while 7,371 shares are held directly. The Form 4 distinguishes between indirect ownership through the IRA and direct ownership in the director’s own name.

What does the indirect ownership "By IRA" mean in the SHBI Form 4?

“By IRA” indicates the 5,510 indirectly owned Shore Bancshares shares are held in an individual retirement account associated with the reporting person. The Form 4 separates these IRA-held shares from the 7,371 shares that are directly owned in his own name.