SHORE BANCSHARES INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds On November 24, 2020, the Company announced a stock repurchase program which was approved by the Board and authorized management to repurchase up to $5.0 million of the Company’s common stock. There were no purchases of the Company’s common stock during the second quarter of 2021. The stock repurchase program is currently suspended due to the recent announcement of our merger with Severn. ​ The following table provides information with respect to purchases made by or on behalf of us or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the second quarter of 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock Repurchase Plan $5.0 million (2020-2021) ​ ​ ​ ​ ​ Total Number of ​ Maximum Dollar Value ​ ​ Total Number ​ Average Price ​ Shares Purchased as Part ​ Of Shares that May Yet Be ​ ​ Of Shares ​ Paid Per ​ of the Publicly Announced ​ Purchased Under the Period Purchased Share Plans or Programs Plans or Programs April 1, 2021 to April 30, 2021 ​ ​ — ​ $ — ​ ​ — ​ $ 541,973 May 1, 2021 to May 31, 2021 ​ — ​ — ​ — ​ 541,973 June 1, 2021 to June 30, 2021 ​ ​ — ​ ​ — ​ ​ — ​ ​ 541,973 Total ​ ​ — ​ $ — ​ ​ — ​ ​ ​ ​ ​ 49 Table of Contents Item 3. Defaults Upon Senior Securities None Item 4. Mine Safety Disclosures Not Applicable