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 · 2 exercises

BONINO JOHN M.

Filed: 1/25/2021ACC: 0001312109-21-000012

InsiderBONINO JOHN M.CIK 1757654

→

IssuerSILVERGATE CAPITAL CORPCIK 1312109

Officer· EVP & Chief Legal Officer

Since Nov 2019

-8.63K

Net shares

Net seller

$583.6K

Total sold

Open market trades

0B · 0S

Total transactions

22.26K acquired · 30.90K disposed

Non-Derivative Transactions4

Class A Common Stock

Direct

M · Option Exercise

+20K

Price / share

$4.09

Trade value

$81.80K

% of position

125.3%

1/22/2021

15.97K→35.97K

Class A Common Stock

Direct

F · Tax Withholding

−7.85K

Price / share

$67.59

Trade value

$530.78K

% of position

21.8%

1/22/2021

35.97K→28.11K

Class A Common Stock

Direct

M · Option Exercise

+2.26K

Price / share

$16.09

Trade value

$36.41K

% of position

8.0%

1/22/2021

28.11K→30.38K

Class A Common Stock

Direct

F · Tax Withholding

−781.00

Price / share

$67.59

Trade value

$52.79K

% of position

2.6%

1/22/2021

30.38K→29.60K

Total

Net shares

+13.63K

Net value

-$465.36K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/22/2021	M · Option Exercise	+20K	$4.09	$81.80K	125.3%	15.97K	35.97K
Class A Common Stock Direct	1/22/2021	F · Tax Withholding	−7.85K	$67.59	$530.78K	21.8%	35.97K	28.11K
Class A Common Stock Direct	1/22/2021	M · Option Exercise	+2.26K	$16.09	$36.41K	8.0%	28.11K	30.38K
Class A Common Stock Direct	1/22/2021	F · Tax Withholding	−781.00	$67.59	$52.79K	2.6%	30.38K	29.60K
Total			+13.63K		-$465.36K

Derivative Transactions2

Non-Qualified Stock Options

Direct

M · Option Exercise

Converts to

Class A Common Stock

20K shares

−20K

Strike price

4.09

Held after

0.00

Exercisable

—

1/22/2021

Non-Qualified Stock Options

Direct

M · Option Exercise

Converts to

Class A Common Stock

2.26K shares

−2.26K

Strike price

16.09

Held after

6.79K

Exercisable

—

1/22/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Qualified Stock Options Direct	Class A Common Stock20K shares	1/22/2021	M · Option Exercise	−20K	4.09	—	0.00
Non-Qualified Stock Options Direct	Class A Common Stock2.26K shares	1/22/2021	M · Option Exercise	−2.26K	16.09	—	6.79K

Non-Derivative Holdings (Post-Transaction)2

Class A Common Stock

Indirect

Shares owned1.05K

Class A Common Stock

Indirect

Shares owned10K

Total

11.05K indirect11.05K

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

Derivative Holdings (Post-Transaction)1

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

2.31K

Owned

2.31K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock		—	—	2.31K	2.31K
Total					2.31K	2.31K