PAIK SON-JAI (EVP & Chief HR 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

PAIK SON-JAI

Filed: 3/1/2022ACC: 0001312109-22-000055

InsiderPAIK SON-JAICIK 1384974

→

IssuerSILVERGATE CAPITAL CORPCIK 1312109

Officer· EVP & Chief HR Officer

Since May 2020

-81.00

Net shares

Net seller

$9.8K

Total sold

Open market trades

0B · 0S

Total transactions

239.00 acquired · 320.00 disposed

Non-Derivative Transactions2

Class A Common Stock

Direct

M · Option Exercise

+239.00

Price / share

—

Trade value

—

% of position

New position

2/26/2022

0.00→239.00

Class A Common Stock

Direct

F · Tax Withholding

−81.00

Price / share

$120.49

Trade value

$9.76K

% of position

33.9%

2/26/2022

239.00→158.00

Total

Net shares

+158.00

Net value

-$9.76K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	2/26/2022	M · Option Exercise	+239.00	—	—	New position	0.00	239.00
Class A Common Stock Direct	2/26/2022	F · Tax Withholding	−81.00	$120.49	$9.76K	33.9%	239.00	158.00
Total			+158.00		-$9.76K

Derivative Transactions1

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Class A Common Stock

239.00 shares

−239.00

Strike price

Held after

479.00

Exercisable

—

2/26/2022

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Class A Common Stock239.00 shares	2/26/2022	M · Option Exercise	−239.00		—	479.00

Non-Derivative Holdings (Post-Transaction)2

Class A Common Stock

Indirect

Shares owned168.01

Class A Common Stock

Indirect

Shares owned6.11K

Total

6.28K indirect6.28K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	168.01	Indirect
Class A Common Stock	6.11K	Indirect
Total	6.28K	6.28K indirect

Derivative Holdings (Post-Transaction)3

Restricted Stock Units

Direct

Underlying security

Class A Common Stock

Underlying shares

609.00

Shares owned

609.00

Exercise price

Expiration

—

Exercise window

—

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

1.73K

Shares owned

1.73K

Exercise price

127.56

Expiration

—

Exercise window

—

Non-Qualified Stock Options

Direct

Underlying security

Class A Common Stock

Underlying shares

1.41K

Shares owned

1.41K

Exercise price

110.84

Expiration

—

Exercise window

—

Total

Underlying

3.75K

Owned

3.75K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Restricted Stock Units Direct	Class A Common Stock		—	—	609.00	609.00
Non-Qualified Stock Options Direct	Class A Common Stock	127.56	—	—	1.73K	1.73K
Non-Qualified Stock Options Direct	Class A Common Stock	110.84	—	—	1.41K	1.41K
Total					3.75K	3.75K