WAYSON KONRAD 4

What Happened

Wayson Konrad, a director of Shore Bancshares, acquired 795 derivative shares (reported as an award/acquisition) on April 2, 2026. The reported acquisition shows 795 units at $0.00 (no cash paid). Footnotes indicate this increase in beneficial ownership reflects an exempt acquisition under Shore Bancshares’ Dividend Reinvestment Plan (Rule 16a-11) and that restricted stock units represent a contingent right to receive one share of SHBI common stock.

Key Details

• Transaction date: April 2, 2026; Filing date (Form 4): April 6, 2026.
• Reported price: $0.00 per unit (no cash paid). Total cash consideration reported: $0.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1 — acquisition via exempt Dividend Reinvestment Plan under Rule 16a-11.
  • F2 — each restricted stock unit (RSU) equals a contingent right to one share.
  • F3/F4 — vesting schedule includes 795 units vesting April 2, 2027 (other RSU tranches noted: 2,310 on July 29, 2026; 1,932 on Jan 8, 2027).
• Timeliness: Form 4 filed April 6 for an April 2 transaction (Form 4 is normally due within two business days), so this filing was submitted four days after the transaction.

Context

This was an award/exempt acquisition (not an open-market buy or sale). The reported units are RSUs/derivative rights that vest in the future; they do not represent immediately tradable shares until vested or settled. The F1 note indicates the change in ownership stemmed from the company’s DRIP treatment under Rule 16a-11 (an exempt reinvestment), which is administrative and not the same as a discretionary market purchase.