Richard D. Daniels - Nov 7, 2024 Form 4 Insider Report for SVB FINANCIAL GROUP (SIVBQ)

Role: Director
Signature: /s/ Richard D. Daniels
Stock symbol: SIVBQ
Transactions as of: Nov 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/8/2024, 08:07 PM
Previous filing: Jun 14, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SIVBQ	Common Stock	Disposed to Issuer	$0	-1.01K	-100%	$0.00	0	Nov 7, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Richard D. Daniels is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On March 17, 2023, SVB Financial Group, a Delaware corporation (the "Issuer"), and certain of its subsidiaries (together with the Issuer, the "Company") commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United State Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On August 2, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Debtor's Second Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan"). On November 7, 2024 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from chapter 11. The Plan was approved by the Issuer's Board of Directors.
F2	On the Effective Date, all outstanding shares of the Issuer's common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.

Content

On March 17, 2023, SVB Financial Group, a Delaware corporation (the "Issuer"), and certain of its subsidiaries (together with the Issuer, the "Company") commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United State Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On August 2, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Debtor's Second Amended Plan of Reorganization Under Chapter 11 of the Bankruptcy Code (the "Plan"). On November 7, 2024 (the "Effective Date"), the Plan became effective in accordance with its terms and the Company emerged from chapter 11. The Plan was approved by the Issuer's Board of Directors.

On the Effective Date, all outstanding shares of the Issuer's common stock were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.