Paik Son-Jai 4
4 · Silvergate Capital Corp · Filed Nov 9, 2021
Insider Transaction Report
Form 4
Paik Son-Jai
EVP & Chief HR Officer
Transactions
- Sale
Class A Common Stock
2021-11-08$219.38/sh−5,000$1,096,900→ 6,110 total(indirect: By 401(k))
Holdings
- 168.015(indirect: By 401(k))
Class A Common Stock
- 718
Restricted Stock Units
→ Class A Common Stock (718 underlying) - 1,731
Non-Qualified Stock Options
Exercise: $127.56Exp: 2031-02-26→ Class A Common Stock (1,731 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
- [F2]The restricted stock units vest in three equal annual installments beginning on February 26, 2022. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.
- [F3]The option becomes exercisable in three annual installments beginning February 26, 2022.