<SEC-DOCUMENT>0001104659-23-078360.txt : 20230705
<SEC-HEADER>0001104659-23-078360.hdr.sgml : 20230705
<ACCEPTANCE-DATETIME>20230705212552
ACCESSION NUMBER:		0001104659-23-078360
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230701
FILED AS OF DATE:		20230705
DATE AS OF CHANGE:		20230705

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			McDonald Rebecca Middleton
		CENTRAL INDEX KEY:			0001812715

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22345
		FILM NUMBER:		231071834

	MAIL ADDRESS:	
		STREET 1:		C/O THE COMMUNITY FINANCIAL CORPORATION
		STREET 2:		3035 LEONARDTOWN ROAD
		CITY:			WALDORF
		STATE:			MD
		ZIP:			20601

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHORE BANCSHARES INC
		CENTRAL INDEX KEY:			0001035092
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				521974638
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
		BUSINESS PHONE:		4108221400

	MAIL ADDRESS:	
		STREET 1:		18 EAST DOVER STREET
		CITY:			EASTON
		STATE:			MD
		ZIP:			21601-3013
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
<FILENAME>tm2320418-25_4seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
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    <schemaVersion>X0407</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-07-01</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001035092</issuerCik>
        <issuerName>SHORE BANCSHARES INC</issuerName>
        <issuerTradingSymbol>SHBI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001812715</rptOwnerCik>
            <rptOwnerName>McDonald Rebecca Middleton</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>18 E DOVER STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>EASTON</rptOwnerCity>
            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>21601</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
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            <otherText></otherText>
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    </reportingOwner>

    <aff10b5One>0</aff10b5One>

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                <value>Common Stock</value>
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            <transactionDate>
                <value>2023-07-01</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>52479</value>
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                    <value>0</value>
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                    <footnoteId id="F2"/>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
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        <nonDerivativeTransaction>
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                <value>Common Stock</value>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trustee for BMF Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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                <natureOfOwnership>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trustee for EFD IR Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F6"/>
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            <transactionDate>
                <value>2023-07-01</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>692</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F8"/>
                </transactionPricePerShare>
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            <exerciseDate>
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            <expirationDate>
                <footnoteId id="F7"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
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                    <value>692</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>692</value>
                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On July 1, 2023, the company formerly known as The Community Financial Corporation (&quot;TCFC&quot;) merged with and into Shore Bancshares Inc. (the &quot;Issuer&quot;). The indicated shares were received in exchange for 22,536 shares of TCFC in connection with merger.</footnote>
        <footnote id="F2">At the effective time of the merger, each share of TCFC common stock issued and outstanding immediately prior to the effective time was converted into the right to receive 2.3287 of a share of the Issuer's common stock, with fractional shares settled in cash, pursuant to the Agreement and Plan of Merger, dated December 14, 2022, by and between TCFC and the Issuer.</footnote>
        <footnote id="F3">The indicated shares were received in exchange for 7,000 shares of TCFC in connection with merger.</footnote>
        <footnote id="F4">The indicated shares were received in exchange for 1,125 shares of TCFC in connection with merger.</footnote>
        <footnote id="F5">The indicated shares were received in exchange for 6,000 shares of TCFC in connection with merger.</footnote>
        <footnote id="F6">Each restricted stock unit represents a contingent right to receive one share of SHBI common stock.</footnote>
        <footnote id="F7">The restricted stock units that vest on September 28, 2023.</footnote>
        <footnote id="F8">The indicated RSUs were received in exchange for 297 RSUs of TCFC in connection with merger.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christy Lombardi, Attorney in Fact for Rebecca M. McDonald</signatureName>
        <signatureDate>2023-07-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
