Pierce Lacey Amanda 4

What Happened

• Amanda Pierce Lacey, Chief Strategy & Project Officer of Shore Bancshares, had restricted stock units (RSUs) vest and convert into common shares. A total of 1,949 RSUs vested (984 on March 6, 2026 and 965 on March 7, 2026) and converted one-for-one into 1,949 shares. To satisfy tax withholding, 350 shares (Mar 6) and 335 shares (Mar 7) were withheld, resulting in a net increase of 1,264 shares to her holdings. No cash proceeds were reported from any open-market sale.

Key Details

• Transaction dates and amounts: 984 RSUs vested/converted on 2026-03-06; 965 RSUs vested/converted on 2026-03-07. Tax-withheld shares: 350 (Mar 6) and 335 (Mar 7).
• Prices/values: conversions and withholdings reported at $0.00 (no sale proceeds disclosed).
• Shares received net of withholding: +1,264 shares.
• Holdings disclosed in footnotes: includes 23,281 shares held jointly with spouse and 1,270 shares from the Employee Stock Purchase Plan as of March 9, 2026.
• Notable footnotes: RSUs convert one-for-one into common stock (F1, F6); the two tranches vested on Mar 6 and Mar 7 (F7, F8); additional RSU vesting schedule is listed (future vesting per F9).
• Filing timeliness: Report covers activity through 2026-03-06 and the Form 4 was filed on 2026-03-09 — a timely filing.

Context

• These were RSU vesting events (derivative conversions), not open-market purchases or sales. The withholding of shares to cover tax obligations is routine and does not indicate a market sale. No 10b5-1 plan or late-filing flag is indicated in the filing.