Michael Descheneaux, President, Silicon Valley Bank at SVB FINANCIAL GROUP (SIVB), sold 2,950 shares at $611.55 ($1.8M) on 2022-02-07, disclosed to the SEC on 2022-02-09.
Seasonal sale ($1.8M) by President, Silicon Valley Bank — this insider has traded SIVB in February in at least three consecutive prior years. Pattern-driven, low signal.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $611.55 | 975 | $596K | 33.1% |
| 2 | $611.55 | 975 | $596K | 33.1% |
| 3 | $611.55 | 1,000 | $612K | 33.9% |
| Total | $611.55 avg | 2,950 | $1.8M | 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 → |