Shore Bancshares (SHBI) director Slater sells 1,802 shares at $18.78

Rhea-AI Filing Summary

Shore Bancshares director Joseph A. Slater Jr. reported an open-market sale of 1,802 shares of Shore Bancshares common stock. The weighted average sale price was $18.78 per share, with individual trades occurring between $18.77 and $18.79. After this transaction, he directly owns 66,634 shares of the company’s common stock.

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

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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^*

SLATER A JOSEPH JR

(Last) (First) (Middle)

18 E DOVER STREET

(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)
03/02/2026

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	03/02/2026		S		1,802(1)	D	$18.78	66,634	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.77 to $18.79, inclusive. The reporting person undertakes to provide to Shore Bancshares, Inc., any security holder of Shore Bancshares, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the ranges set forth in this footnote.

Remarks:

	/s/ Christy Lombardi, Attorney in Fact for Austin J. Slater, Jr.	03/03/2026
	** 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 Shore Bancshares (SHBI) report for Joseph A. Slater Jr.?

Shore Bancshares director Joseph A. Slater Jr. reported selling 1,802 shares of common stock. The transaction was an open-market sale and was recorded as a disposition of directly held shares.

At what price did SHBI director Joseph A. Slater Jr. sell his shares?

The shares were sold at a weighted average price of $18.78 per share. Individual trades occurred in a narrow range between $18.77 and $18.79 per share during the transaction.

How many Shore Bancshares (SHBI) shares does Joseph A. Slater Jr. own after the sale?

After the reported sale, Joseph A. Slater Jr. directly owns 66,634 shares of Shore Bancshares common stock. This figure reflects his remaining direct holdings following the 1,802-share disposition.

Was the SHBI insider sale by Joseph A. Slater Jr. an open-market transaction?

Yes, the filing describes the transaction as an open-market sale of common stock. The sale used transaction code “S,” indicating a sale in the open market or a private transaction under SEC rules.

What does the price range disclosed in the SHBI insider sale footnote mean?

The footnote explains that the reported price is a weighted average, with trades between $18.77 and $18.79. It indicates multiple executions, and detailed share counts at each price are available upon request.