Shore Bancshares director awarded 1,855 RSUs

Shore Bancshares director John Lamon increased his stake through a stock plan and a new equity award.

Rhea-AI Filing Summary

Shore Bancshares director John Lamon increased his stake through a stock plan and a new equity award. His beneficial ownership rose via an exempt acquisition under the company’s dividend reinvestment plan. He also received 1,855 restricted stock units, each representing one share of common stock and vesting on May 21, 2027.

Following these updates, Lamon holds 62,469 common shares directly and 4,165 restricted stock units. Of these units, 2,310 are scheduled to vest on July 29, 2026 and 1,855 on May 21, 2027, adding to his future equity in the company.

Insider Trade Summary

Grant/Award: 1,855 shares

Grant/Award 3 txns

Insider LAMON JOHN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,855	$0.00	$0.00
holding	Restricted Stock Units	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct); Common Stock — 62,469 shares (Direct)

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

RSUs granted: 1,855 units Common shares held: 62,469 shares Total RSUs outstanding: 4,165 units +3 more

6 metrics

RSUs granted 1,855 units Restricted stock units awarded, vesting May 21, 2027

Common shares held 62,469 shares Direct ownership after reported transactions

Total RSUs outstanding 4,165 units Restricted stock units held after the award

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

RSUs vesting 2027 1,855 units Restricted stock units vesting on May 21, 2027

Exercise price of RSUs $0.00 Conversion or exercise price for restricted stock units

Key Terms

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

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" and footnotes describing vesting"

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.

Dividend Reinvestment Plan financial

"exempt acquisition of common stock under Shore Bancshares Dividend Reinvestment Plan"

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.

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"

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.

FAQ

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

What insider transactions did SHBI director John Lamon report?

John Lamon reported an increase in beneficial ownership through Shore Bancshares’ dividend reinvestment plan and a grant of 1,855 restricted stock units. These units convert into common shares on vesting dates, expanding his future equity stake without an open-market purchase or sale.

How many Shore Bancshares (SHBI) shares does John Lamon hold after this Form 4?

After the reported transactions, John Lamon directly holds 62,469 shares of Shore Bancshares common stock. He also has 4,165 restricted stock units outstanding, which are scheduled to vest in future years and convert into additional common shares when the vesting conditions are met.

What restricted stock units did SHBI grant to John Lamon?

Shore Bancshares granted John Lamon 1,855 restricted stock units, each representing a contingent right to one share of common stock. These units were awarded at a zero exercise price and will vest on May 21, 2027, adding to his long-term equity compensation package.

When do John Lamon’s Shore Bancshares restricted stock units vest?

John Lamon has 2,310 restricted stock units scheduled to vest on July 29, 2026 and 1,855 units scheduled to vest on May 21, 2027. Upon vesting, each unit converts into one share of Shore Bancshares common stock, increasing his direct share ownership over time.

How did Shore Bancshares’ dividend reinvestment plan affect John Lamon’s holdings?

The filing notes that Lamon’s beneficial ownership increased through an exempt acquisition of common stock under Shore Bancshares’ dividend reinvestment plan. This plan automatically reinvests dividends into additional shares, gradually raising his share count without open-market buying activity.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 05/26/2026 - 05:18 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^*

LAMON JOHN

(Last) (First) (Middle)

18 EAST DOVER ST.

(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								62,469(1)	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
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 John A. Lamon	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)