Thomas C. King - Nov 7, 2024 Form 4 Insider Report for SVB FINANCIAL GROUP (SIVBQ)

Role
Director
Signature
/s/ Thomas C. King
Stock symbol
SIVBQ
Transactions as of
Nov 7, 2024
Transactions value $
$0
Form type
4
Date filed
11/12/2024, 06:05 AM
Previous filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SIVBQ Common Stock 0 Nov 7, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SIVBQ Restricted Stock Unit Disposed to Issuer $0 -297 -100% $0.00 0 Nov 7, 2024 Common Stock 297 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas C. King 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 and restricted stock units were cancelled and extinguished in accordance with the Plan approved by the Bankruptcy Court.
F3 Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock.