Michael Descheneaux, President, Silicon Valley Bank at SVB FINANCIAL GROUP (SIVB), sold 2,200 shares at $736.09 ($1.6M) on 2021-11-09, disclosed to the SEC on 2021-11-12.
Seasonal sale ($1.6M) by President, Silicon Valley Bank — this insider has traded SIVB in November in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $736.09 | 1,000 | $736K | 45.5% |
| 2 | $736.09 | 1,200 | $883K | 54.5% |
| Total | $736.09 avg | 2,200 | $1.6M | 100% |
| Filing → |
| SIVB | SELL | 2021-08-11 | $584K | — | Filing → |
| SIVB | SELL | 2021-06-16 | $4.5M | — | Filing → |
| SIVB | SELL | 2021-01-29 | $5.2M | — | Filing → |