Jones David S. 4

What Happened

• David S. Jones, a director of Shore Bancshares, was reported to have been granted 1,855 derivative units on May 21, 2026. The Form 4 lists the acquisition as 1,855 units at $0.00 (award/derivative). Each unit is a restricted stock unit (RSU) representing the contingent right to one share of SHBI common stock; the RSUs are scheduled to vest on May 21, 2027. Because this is a grant of RSUs (not a purchase or sale), there was no cash exchanged at grant.

Key Details

• Transaction date: 2026-05-21; filing date: 2026-05-26 (filed 5 days after the transaction).
• Transaction type/code: Award/Grant (derivative), reported at $0.00 per RSU.
• Quantity: 1,855 RSUs; each RSU converts to one share upon vesting (footnote F2). Vesting: May 21, 2027 (footnotes F5/F6).
• Reported value at grant: $0 (no cash paid at grant).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Timeliness: Filing occurred 5 days after the transaction date (check full Form 4 for an official timeliness code; late filings can reduce transparency for investors).
• Related note: Footnote F1 on the filing generally indicates some increases on the form may result from exempt acquisitions under the company’s Dividend Reinvestment Plan (Rule 16a-11); the primary reported item for Jones here is the RSU grant.

Context

• RSUs are contingent rights to receive shares in the future if vesting conditions are met; they are not immediately tradable shares and do not represent an immediate sale or purchase. This grant increases Jones’s potential future stake if the RSUs vest, but it does not reflect an immediate market transaction.