BONINO JOHN M. (EVP & Chief Legal Officer) exercised options at SILVERGATE CAPITAL CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

BONINO JOHN M.

Filed: 12/28/2020ACC: 0001312109-20-000217

InsiderBONINO JOHN M.CIK 1757654

→

IssuerSILVERGATE CAPITAL CORPCIK 1312109

Officer· EVP & Chief Legal Officer

Since Nov 2019

-3.25K

Net shares

Net seller

$222.4K

Total sold

Open market trades

0B · 0S

Total transactions

10K acquired · 13.25K disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+10K

Price / share

$4.09

Trade value

$40.90K

% of position

108.5%

12/23/2020

9.22K→19.22K

Class A Common Stock

Direct

F · Tax Withholding

−3.25K

Price / share

$68.38

Trade value

$222.37K

% of position

16.9%

12/23/2020

19.22K→15.97K

Total

Net shares

+6.75K

Net value

-$181.47K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	12/23/2020	M · Option Exercise	+10K	$4.09	$40.90K	108.5%	9.22K	19.22K
Class A Common Stock Direct	12/23/2020	F · Tax Withholding	−3.25K	$68.38	$222.37K	16.9%	19.22K	15.97K
Total			+6.75K		-$181.47K

Derivative Transactions1

Non-Qualified Stock Options

Direct

M · Option Exercise

Converts to

Class A Common Stock

10K shares

−10K

Strike price

4.09

Held after

20K

Exercisable

—

12/23/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Qualified Stock Options Direct	Class A Common Stock10K shares	12/23/2020	M · Option Exercise	−10K	4.09	—	20K

Non-Derivative Holdings (Post-Transaction)2

Class A Common Stock

Indirect

Shares owned10K

Class A Common Stock

Indirect

Shares owned1.05K

Total

11.05K indirect11.05K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	10K	Indirect
Class A Common Stock	1.05K	Indirect
Total	11.05K	11.05K indirect

Derivative Holdings (Post-Transaction)2

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

9.05K

Shares owned

9.05K

Exercise price

16.09

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.31K

Shares owned

2.31K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

11.36K

Owned

11.36K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Non-Qualified Stock Options Direct	Class A Common Stock	16.09	—	—	9.05K	9.05K
Restricted Stock Units Direct	Class A Common Stock		—	—	2.31K	2.31K
Total					11.36K	11.36K