Shore Bancshares (SHBI) CFO reports RSU vesting and share use

Rhea-AI Filing Summary

Shore Bancshares EVP and Chief Financial Officer Charles S. Cullum reported the vesting of 4,161 restricted stock units on July 29, 2026, which converted into an equal number of common shares. As part of the transaction, 1,413 common shares were used to cover exercise-price or tax-liability obligations, reported under code F.

After this vesting and conversion, 29,515 restricted stock units remain outstanding, scheduled to vest in specified tranches between August 21, 2026 and February 17, 2029.

Insider Trade Summary

Net Buyer: 2,748 shares

Net Buy 3 txns

Insider Cullum Charles S

Role EVP, Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F2, F3, F4	4,161	$0.00	$0.00
Exercise	Common Stock F1	4,161	--	--
Exercise Price or Tax Liability	Common Stock	1,413	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 29,515 shares (Direct); Common Stock — 2,748 shares (Direct)

Footnotes (4)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.
3. F3. These restricted stock units vested on July 29, 2026.
4. F4. Represents restricted stock units that vest as follows: 4,162 units on July 29, 2027, 4,162 units on July 29, 2028, 1,581 units on August 21, 2026, 1,581 units on 8/21/2027, 1,582 units on August 21, 2028, 4,190 units on November 19, 2026, 4,190 units on November 19, 2027, 4,191 units on November 19, 2028, 1,292 units on February 17, 2027, 1,292 units on February 17, 2028 and 1,292 units on February 17, 2029.

Key Figures

RSUs vested and converted: 4,161 units Shares used for obligations: 1,413 shares Restricted stock units remaining: 29,515 units

3 metrics

RSUs vested and converted 4,161 units Restricted stock units converting into common stock on July 29, 2026 for the CFO

Shares used for obligations 1,413 shares Common shares delivered or withheld under code F to cover exercise price or tax liability

Restricted stock units remaining 29,515 units RSUs remaining after the reported vesting, scheduled to vest between August 21, 2026 and February 17, 2029

Key Terms

Restricted stock units, contingent right, vested, exercise price or tax liability

4 terms

Restricted stock units financial

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

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.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share"

vested financial

"These restricted stock units vested on July 29, 2026."

exercise price or tax liability financial

"Payment of exercise price or tax liability by delivering or withholding securities"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/31/2026 - 03:33 PM Accepted by SEC EDGAR 07/31/2026 - 03:32 PM Learn about SEC filing dates

FAQ

What insider equity event did Shore Bancshares (SHBI) report for its CFO?

Shore Bancshares reported that EVP and CFO Charles S. Cullum had 4,161 restricted stock units vest and convert into common stock on July 29, 2026. These units represent equity compensation becoming actual shares, increasing his direct common stock holdings.

How many Shore Bancshares (SHBI) shares were used to cover obligations from the RSU vesting?

In connection with the RSU vesting, 1,413 common shares were reported as a disposition under code F to cover the exercise price or tax-liability obligations associated with the transaction, rather than as an open-market sale.

How many restricted stock units does the Shore Bancshares (SHBI) CFO still hold and when do they vest?

Following the reported vesting, Charles S. Cullum has 29,515 restricted stock units remaining. Footnotes state these are scheduled to vest in multiple dated tranches from August 21, 2026 through February 17, 2029, subject to the plan’s terms.

What is the conversion ratio for the Shore Bancshares (SHBI) CFO’s restricted stock units?

Each restricted stock unit converts into one share of Shore Bancshares common stock. Footnotes explain that every RSU represents a contingent right to receive one share, so 4,161 vested units produced 4,161 shares upon conversion.

Were the Shore Bancshares (SHBI) CFO’s transactions made under a Rule 10b5-1 trading plan?

No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a trading plan, indicating these transactions were not reported as executed pursuant to a Rule 10b5-1 pre-arranged trading plan.

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^*

Cullum Charles S

(Last) (First) (Middle)

18 EAST 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

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	07/29/2026		M		4,161	A	(1)	4,161	D
Common Stock	07/29/2026		F		1,413	D	$0	2,748	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)	07/29/2026		M			4,161	(3)	(3)	Common Stock	4,161	$0	29,515(4)	D

Explanation of Responses:

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

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

3. These restricted stock units vested on July 29, 2026.

4. Represents restricted stock units that vest as follows: 4,162 units on July 29, 2027, 4,162 units on July 29, 2028, 1,581 units on August 21, 2026, 1,581 units on 8/21/2027, 1,582 units on August 21, 2028, 4,190 units on November 19, 2026, 4,190 units on November 19, 2027, 4,191 units on November 19, 2028, 1,292 units on February 17, 2027, 1,292 units on February 17, 2028 and 1,292 units on February 17, 2029.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Charles S. Cullum	07/31/2026
	** 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)