Michael Descheneaux, President, Silicon Valley Bank at SVB FINANCIAL GROUP (SIVB), sold 11,316 shares at $454.30 ($5.2M) on 2021-01-28, disclosed to the SEC on 2021-01-29.
Seasonal sale ($5.2M) by President, Silicon Valley Bank — this insider has traded SIVB in January in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $471.59 | 3,158 | $1.5M | 28.4% |
| 2 | $471.59 | 3,158 | $1.5M | 28.4% |
| 3 | $453.29 | 1,971 | $893K | 17.0% |
| 4 | $453.29 | 1,971 | $893K | 17.0% |
| 5 | $454.30 | 529 | $240K | 4.6% |
| 6 | $454.30 | 529 |
| $240K |
| 4.6% |
| Total | $463.60 avg | 11,316 | $5.2M | 100% |
| Filing → |
| SIVB | SELL | 2021-11-12 | $1.6M | — | Filing → |
| SIVB | SELL | 2021-08-11 | $584K | — | Filing → |
| SIVB | SELL | 2021-06-16 | $4.5M | — | Filing → |