EISELE DEREK J. (Vice Chairman and EVP) sold 28.84K shares of SILVERGATE CAPITAL CORP on the open market

Open‑market sale worth $4.04M. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

EISELE DEREK J.

Filed: 2/25/2021ACC: 0001312109-21-000033

InsiderEISELE DEREK J.CIK 1757644

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IssuerSILVERGATE CAPITAL CORPCIK 1312109

DirectorOfficer· Vice Chairman and EVP

Since Nov 2019

-28.84K

Net shares

Net seller

$4.04M

Total sold

Open market trades

0B · 2S

Total transactions

28.84K acquired · 57.67K disposed

Non-Derivative Transactions3

Class A Common Stock

Direct

M · Option Exercise

+28.84K

Price / share

$4.09

Trade value

$117.94K

% of position

New position

2/24/2021

0.00→28.84K

Class A Common Stock

Direct

S · Sale

−28.14K

Price / share

$140.13

Trade value

$3.94M

% of position

97.6%

2/24/2021

28.84K→700.00

Class A Common Stock

Direct

S · Sale

−700.00

Price / share

$141.15

Trade value

$98.81K

% of position

New position

2/24/2021

700.00→0.00

Total

Net shares

+0.00

Net value

-$3.92M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	2/24/2021	M · Option Exercise	+28.84K	$4.09	$117.94K	New position	0.00	28.84K
Class A Common Stock Direct	2/24/2021	S · Sale	−28.14K	$140.13	$3.94M	97.6%	28.84K	700.00
Class A Common Stock Direct	2/24/2021	S · Sale	−700.00	$141.15	$98.81K	New position	700.00	0.00
Total			+0.00		-$3.92M

Derivative Transactions1

Non-Qualified Stock Options

Direct

M · Option Exercise

Converts to

Class A Common Stock

28.84K shares

−28.84K

Strike price

4.09

Held after

31.16K

Exercisable

—

2/24/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Non-Qualified Stock Options Direct	Class A Common Stock28.84K shares	2/24/2021	M · Option Exercise	−28.84K	4.09	—	31.16K

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Indirect

Shares owned109.97K

Total

109.97K indirect109.97K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	109.97K	Indirect
Total	109.97K	109.97K indirect

Derivative Holdings (Post-Transaction)4

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

30K

Shares owned

30K

Exercise price

5.64

Expiration

—

Exercise window

—

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

40K

Shares owned

40K

Exercise price

4.42

Expiration

—

Exercise window

—

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

2.73K

Shares owned

2.73K

Exercise price

Expiration

—

Exercise window

—

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

10.72K

Shares owned

10.72K

Exercise price

16.09

Expiration

—

Exercise window

—

Total

Underlying

83.45K

Owned

83.45K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Non-Qualified Stock Options Direct	Class A Common Stock	5.64	—	—	30K	30K
Non-Qualified Stock Options Direct	Class A Common Stock	4.42	—	—	40K	40K
Restricted Stock Units Direct	Class A Common Stock		—	—	2.73K	2.73K
Non-Qualified Stock Options Direct	Class A Common Stock	16.09	—	—	10.72K	10.72K
Total					83.45K	83.45K