# EDGAR Filing Document

**Accession Number:** 0001232737
**File Stem:** 0001312109-23-000041
**Filing Date:** 2023-2
**Character Count:** 8653
**Document Hash:** bbf1b8fb43b6ad14324e6341147ce57b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001312109-23-000041.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001312109-23-000041

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230222

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** LANE ALAN J
- **CENTRAL INDEX KEY:** 0001232737

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39123
- **FILM NUMBER:** 23669188

**MAIL ADDRESS:**
- **STREET 1:** 41090 AVENIDA VERDE
- **CITY:** TEMECULA
- **STATE:** CA
- **ZIP:** 92591
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Silvergate Capital Corp
- **CENTRAL INDEX KEY:** 0001312109
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 4250 EXECUTIVE SQUARE STE 300
- **CITY:** LA JOLLA
- **STATE:** CA
- **ZIP:** 92037
- **BUSINESS PHONE:** (858) 362-6300

**MAIL ADDRESS:**
- **STREET 1:** 4250 EXECUTIVE SQUARE STE 300
- **CITY:** LA JOLLA
- **STATE:** CA
- **ZIP:** 92037

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>LANE ALAN J<br><sub>(Last) (First) (Middle)</sub><br>4250 EXECUTIVE SQUARE<br>SUITE 300<br><sub>(Street)</sub><br>LA JOLLA, CA 92037<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-22 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Executive Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Silvergate Capital Corp [ SI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2023-02-22 |  | M |  | 1992 | A | <sup>(1)</sup> | 3390 | D |  |
| Class A Common Stock | 2023-02-22 |  | F |  | 813 | D | $15.77 | 2577 | D |  |
| Class A Common Stock |  |  |  |  |  |  |  | 153945 | I | By Self and Spouse as Trustees of Lane Trust |
| Class A Common Stock |  |  |  |  |  |  |  | 88268 | I | By IRA |
| Class A Common Stock |  |  |  |  |  |  |  | 1757.8417 | I | By Employer 401(k) Plan |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(2)</sup> | 2023-02-22 |  | M |  |  | 1992 | <sup>(3)</sup> | <sup>(2)</sup> | Class A Common Stock | 3985.0 | $0 | 3985 | D |  |
| Restricted Stock Units | <sup>(2)</sup> |  |  |  |  |  |  | <sup>(4)</sup> | <sup>(4)</sup> | Class A Common Stock | 2773.0 |  | 2773 | D |  |
| Restricted Stock Units | <sup>(2)</sup> |  |  |  |  |  |  | <sup>(5)</sup> | <sup>(5)</sup> | Class A Common Stock | 2169.0 |  | 2169 | D |  |
| Non-Qualified Stock Options | $16.09 |  |  |  |  |  |  | <sup>(6)</sup> | 2029-11-19 | Class A Common Stock | 32628.0 |  | 32628 | D |  |
| Non-Qualified Stock Options | $127.56 |  |  |  |  |  |  | <sup>(7)</sup> | 2031-02-26 | Class A Common Stock | 7838.0 |  | 7838 | D |  |
| Non-Qualified Stock Options | $110.84 |  |  |  |  |  |  | <sup>(8)</sup> | 2032-02-22 | Class A Common Stock | 13810.0 |  | 13810 | D |  |

---

### Footnotes:

(1) Restricted stock units convert into Class A Common Stock on a one-for-one basis.

(2) Each restricted stock unit represents a contingent right to receive one  share of Class A Common Stock.

(3) The restricted stock units vest in three equal annual installments beginning on February 22, 2023. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.

(4) The restricted stock units vest in four equal annual installments beginning on November 19,  2020. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of ordinary shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, local and foreign taxes of any kind.

(5) The restricted stock units vest in three equal annual installments beginning on February 26, 2022. Vested shares will be delivered within thirty days following the vesting of the restricted stock units, when, subject to any trading restriction, the reporting person will receive the number of Class A Common Stock shares that corresponds to the number of restricted stock units that have become vested on the applicable vesting date, less any shares withheld to satisfy federal, state, and local taxes of any kind.

(6) The option becomes exercisable in four equal annual installments beginning November 18, 2020.

(7) The option becomes exercisable in three annual installments beginning February 26, 2022.

(8) The option becomes exercisable in three annual installments beginning February 22, 2023.

**Signature:** /s/ John M. Bonino, as Attorney-in-Fact  
**Date:** 2023-02-24

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**