Shore Bancshares director receives 1,855 RSUs

CLEMMER R. MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CLEMMER R. MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

SHORE BANCSHARES INC director R. Michael Clemmer received a grant of 1,855 Restricted Stock Units (RSUs) on May 21, 2026. Each RSU represents a contingent right to one share of SHBI common stock, and this award vests on May 21, 2027.

After this grant, Clemmer holds 4,165 RSUs in total, including 2,310 RSUs scheduled to vest on July 29, 2026. He also holds 29,991 shares of common stock directly and 350 shares indirectly through a child, with a recent increase in beneficial ownership noted under the company’s Dividend Reinvestment Plan.

Insider Trade Summary

Grant/Award: 1,855 shares

Grant/Award 4 txns

Insider CLEMMER R. MICHAEL

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	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 6,475 contracts for 2,310 underlying shares (Direct); Common Stock — 29,991 shares (Direct); Common Stock — 350 shares (Indirect, By Child)

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 RSU grant: 1,855 units Total RSUs after grant: 4,165 units RSUs vesting July 29, 2026: 2,310 units +3 more

6 metrics

New RSU grant 1,855 units Restricted Stock Units granted May 21, 2026

Total RSUs after grant 4,165 units Restricted Stock Units held following transaction

RSUs vesting July 29, 2026 2,310 units Restricted Stock Units vesting on July 29, 2026

RSUs vesting May 21, 2027 1,855 units Restricted Stock Units vesting on May 21, 2027

Direct common shares 29,991 shares SHBI common stock held directly after transaction

Indirect common shares 350 shares SHBI common stock held indirectly by child

Key Terms

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

4 terms

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.

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.

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.

FAQ

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

What insider transaction did SHBI director R. Michael Clemmer report?

R. Michael Clemmer reported receiving 1,855 Restricted Stock Units in SHORE BANCSHARES INC stock. These RSUs were granted on May 21, 2026 and represent contingent rights to receive common shares if vesting conditions are met.

How many Restricted Stock Units does SHBI director Clemmer now hold in total?

Following the recent grant, Clemmer holds 4,165 Restricted Stock Units tied to SHBI common stock. This total includes a prior 2,310-unit award plus the new 1,855-unit grant, all representing potential future share deliveries upon vesting.

When do R. Michael Clemmer’s SHBI Restricted Stock Units vest?

Clemmer has 2,310 RSUs scheduled to vest on July 29, 2026 and 1,855 RSUs vesting on May 21, 2027. Vesting means these contingent units convert into SHORE BANCSHARES INC common shares if conditions are satisfied.

What direct and indirect SHBI share holdings does Clemmer report?

Clemmer reports owning 29,991 SHBI common shares directly and 350 shares indirectly through a child. The filing notes an increase in beneficial ownership from an exempt acquisition under the company’s Dividend Reinvestment Plan.

What does each SHBI Restricted Stock Unit represent for Clemmer?

Each Restricted Stock Unit represents a contingent right to receive one share of SHBI common stock. Actual share delivery depends on the RSUs vesting according to their specified schedules and any related service or performance conditions.

How was Clemmer’s beneficial ownership in SHBI recently increased?

The filing states that Clemmer’s beneficial ownership increased due to an exempt acquisition of SHBI common stock through the Shore Bancshares Dividend Reinvestment Plan, made pursuant to SEC Rule 16a-11 governing certain automatic reinvestment programs.

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

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Accepted by SEC EDGAR 05/26/2026 - 05:19 PM 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^*

CLEMMER R. MICHAEL

(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								29,991(1)	D
Common Stock								350	I	By Child

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 R. Michael Clemmer, Jr.	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)