Shore Bancshares (SHBI) Director David S. Jones Receives 2,310 Shares

What Happened

• David S. Jones, a director of Shore Bancshares, had 2,310 restricted stock units (RSUs) convert into 2,310 shares of SHBI common stock on July 29, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) resulting in acquisition of 2,310 shares; a paired derivative disposition entry at $0.00 reflects the RSU conversion/termination rather than a cash sale. No cash proceeds or market sale of the newly issued shares are reported.

Key Details

• Transaction date: July 29, 2026 (reported on Form 4 filed July 31, 2026).
• Transaction type/codes: M = exercise or conversion of a derivative (RSU conversion to common stock).
• Shares involved: 2,310 shares converted/received; reported acquisition price N/A and disposition shown as $0.00 (reflecting derivative termination).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1–F3 confirm RSUs convert one-for-one into common stock and that the 2,310 RSUs vested on July 29, 2026. F4 notes an additional 1,855 RSUs remain scheduled to vest on May 21, 2027.
• Filing timeliness: Form filed July 31, 2026 for a July 29 transaction (appears timely).

Context

• This filing reflects receipt of shares from vested RSUs (an award/vesting event), not an open-market purchase or sale. The paired disposition line relates to the derivative instruments (the RSUs) being converted/terminated; it does not indicate the newly issued shares were sold. The filing does not disclose tax withholding or any immediate sale of the shares.