SHBI SHORE BANCSHARES INC Insider Trading

Director Esham William E. III purchases 5,000 shares of SHBI at $19.99; holdings increase 980.4% to 5.5K shares post-transaction.

Director Esham William E. III purchased 5,000 shares of SHORE BANCSHARES INC at $19.99 on 2026-02-05, materially expanding his shareholding from 510 to 5,510 shares—a net increase of +980.4% relative to pre-transaction holdings. The transaction occurred near the 52-week high of $20.38 and reflects a substantial absolute commitment of $99,950.00. The company exhibits healthy fundamentals with annual revenue growth of +14.0%, a reasonable P/E of 11.99, and a market cap of $681,237,287.28. The timing of this open-market purchase at near-peak price levels deserves scrutiny given the 30-day and 90-day price momentum (+14.1% and +24.2%, respectively), as it does not align with typical valuation-opportunistic behavior; however, the magnitude of the position increase and the director-level initiator underscore a deliberate commitment to shareholding in the equity.

Director Willey Dawn M. purchases 1,000 shares at $17.67 (blended avg), lifting stake to 12,000 shares (+9.1%)

Willey Dawn M., a director of Shore Bancshares, executed 2 separate purchases totaling 1,000 shares for $17,669.50 on 2025-11-26, increasing her holdings by 9.1% to 12,000 shares. The purchase prices ($17.66 and $17.67) align closely with the current price of $17.57 and represent a position within 0.6% of the 52-week high, suggesting the buy occurred near recent peak valuations. Her prior trades at Shore Bancshares show a 2-of-3 well-timed pattern at the 90-day mark: a 2025-05-30 buy returned +17.4% over 90 days, while a 2024-02-13 buy returned only +0.6% and a 2023-11-30 buy returned -8.4%. The company has posted strong recent fundamentals with annual revenue growth of +14.0%, a P/E of 10.34, and quarterly net income of $14.3M on revenue of $5.1M. The 30-day price momentum is robust at +12.6%, though the longer 90-day change is modest at +3.2%, indicating recent strength in a relatively flat intermediate trend.

Chief Legal Officer Aaron Michael Kaslow buys 6,500 shares at $15.56

Kaslow Aaron Michael, EVP and Chief Legal Officer of Shore Bancshares Inc, purchased 6,500 shares at $15.56 on 2025-11-18, representing an initial equity stake (pre-transaction: 0 shares). The transaction is noteworthy as a first meaningful equity position by a senior legal officer. Shore Bancshares trades at $16.08 currently, with fundamentals including net income of $14.3M against quarterly revenue of $5.1M and annual revenue growth of +14.0%, supported by a reasonable P/E of 9.46. The transaction price of $15.56 sits 7.8% below the 52-week high of $17.45, providing context on relative valuation at purchase, though the 30-day price change of +1.1% and 90-day change of -4.2% show modest volatility. A Form 4 filing by a C-level legal officer acquiring equity is typically registered as a baseline governance signal.

Director John Lamon purchased 200 shares of SHBI at $15.92; 4 of 5 prior SHBI buys showed positive 90-day returns.

Director John Lamon acquired 200 shares of Shore Bancshares at $15.92 on 2025-11-07, expanding his holdings to 62,378 shares post-transaction. His same-ticker history at SHBI shows a strong 90-day win pattern: 4 of 5 prior buys delivered positive 90-day returns, ranging from +0.3% to +30.5%. The company trades at a P/E of 9.54 with recent annual revenue growth of +14.0% and net income of $14,348,000.00. Current price of $16.22 reflects a +4.7% gain over 30 days, positioning this purchase within the insider's historical pattern of well-timed accumulation at this ticker over prior years.

SHBI director WAYSON KONRAD purchases 1,000 shares at $16.02; holdings now 60.7K shares post $16.0K transaction.

Wayson Konrad's purchase of 1,000 shares at $16.02 represents a modest 1.7% increase in his existing 59.7K position. The transaction occurs with SHBI trading at $16.19, reflecting recent weakness of -3.5% over 30 days despite a 90-day gain of +7.5%. Among his four prior SHBI purchases, Konrad demonstrated strong 90-day timing: three of four buys were followed by gains ranging from +4.1% to +8.8%, establishing a pattern of well-timed accumulation at this ticker. The company presents reasonable fundamentals with P/E of 10.06, annual revenue growth of +14.0%, and latest quarterly net income of $15.5M against revenue of $5.7M, suggesting solid profitability. The buy occurs at a price 7.1% below the 52-week high, near a point where the insider's historical pattern suggests subsequent recovery is probable.

Director Adams buys 10,000 SHBI shares at $15.00; holds now 44.9K (+28.6%). Stock at $15.41, down 11.6% from 52-week high.

Adams Michael Brian, a director, purchased 10,000 shares at $15.00 on 2025-08-01, increasing his holdings by 28.6% to 44.9K shares total. The transaction occurs with the stock trading -11.6% below its 52-week high of $17.43 and -7.3% over the prior 30 days, representing a period of recent weakness. His prior two buys at SHBI (on 2025-05-02 and 2025-02-04) showed mixed outcomes: the May purchase delivered +9.6% over 90 days, but the February purchase declined -8.6% over the same window, suggesting inconsistent timing precision at this ticker. The company fundamentals remain solid, with annual revenue growth of +14.0%, a P/E of 10.41, and net income of $13.8M against quarterly revenue of $4.6M, providing context for a director's accumulation during a period of stock underperformance relative to recent highs.

Director John Lamon buys 250 SHBI shares at $14.55; cluster pattern: 2 other insiders also bought within 14 days

John Lamon, a Director of Shore BankShares, purchased 250 shares at $14.55 on 2025-05-30, bringing his post-transaction holdings to 62,132 shares. This transaction is part of a cluster pattern, with 2 other insiders also buying within the past 14 days, suggesting coordinated management confidence. At the same ticker (SHBI), Lamon's prior 5 open-market buys show mixed timing outcomes: 3 of 5 were well-timed at the 90-day mark (one returning +30.5%, another +16.4%), though recent results have been negative (90-day return -1.0% for the current period). The company exhibits solid fundamentals with net income of $13,764,000.00 against quarterly revenue of $4,640,000.00, P/E of 9.76, and annual revenue growth of +14.0%. The current price of $14.44 is -17.2% from the 52-week high, positioning this buy within the stock's recent downturn.

Director Willey Dawn M. bought 1,000 shares of SHBI at $14.58 on 2025-05-30 amid 2-insider cluster; prior SHBI trades 50% well-timed.

Director Willey Dawn M. purchased 1,000 shares at $14.58 on 2025-05-30, increasing holdings by 6.0% to 17,591 shares. This buy is part of a cluster pattern with 2 other insiders also purchasing within the past 14 days. At the same-ticker level (SHBI), the director's prior 2 buys show mixed timing results: the 2024-02-13 buy returned -1.3% in 30 days and +0.6% in 90 days, while the 2023-11-30 buy returned +16.3% in 30 days but -8.4% in 90 days, yielding a 50% well-timed rate at the 90-day mark. The stock is currently trading at $14.44, down 17.2% from its 52-week high of $17.43 but up 0.5% over the past 30 days. The company shows solid fundamentals with recent quarterly net income of $13,764,000.00, annual revenue growth of +14.0%, and a P/E of 9.76, suggesting the equity trades at a modest valuation multiple.

Director Esther A. Streete buys 30 shares of SHBI at $14.58; cluster pattern with 2 other insiders buying within 14 days

Streete Esther A., a director, purchased 30 shares at $14.58 on 2025-05-30, increasing her holdings from 627 to 657 shares (+4.8%). The purchase occurred as the stock trades near mid-range of its 52-week band ($10.49–$17.43), currently at $14.44, approximately -17.2% from its 52-week high. Notably, this buy is part of a cluster pattern: 2 other insiders also purchased shares within the past 14 days, suggesting coordinated or independently-motivated accumulation at this level. The company shows solid fundamentals with annual revenue growth of +14.0% and a P/E of 9.76, though this single director's purchase alone—valued at $437.49—represents routine portfolio activity for a board member.

Director Michael Brian Adams purchased 560 shares of SHBI at $14.15 on 2025-05-02, expanding holdings to 9,758 shares (+6.1%).

Director Michael Brian Adams purchased 560 shares of SHORE BANCSHARES INC at $14.15 on 2025-05-02, a discretionary open-market buy that increased his holdings by 6.1% to 9,758 shares. The transaction occurred when the stock was trading 17.6% below its 52-week high of $17.43, though it has risen 19.2% over the prior 30 days. His cross-ticker track record across 5 prior buys shows a 60.00% 90-day win rate with an average 90-day return of 1.1%, though at SHBI specifically, his prior two purchases (2025-02-04 and 2024-02-20) both underperformed: the February 2025 buy generated a -11.3% 30-day return and -8.6% 90-day return, while the February 2024 buy returned -2.0% and -0.3% respectively, neither well-timed at the 90-day mark. The company trades at a P/E of 6.81 with recent quarterly net income of $11.2M and 14.0% annual revenue growth, but the director's consistent pattern of underwater trades at this specific ticker warrants investor attention.