Michael Descheneaux - 03 May 2022 Form 4 Insider Report for SVB FINANCIAL GROUP

Role
President, Silicon Valley Bank
Signature
/s/Wei Sun, Attorney-in-Fact for Michael Descheneaux
Issuer symbol
N/A
Transactions as of
03 May 2022
Net transactions value
-$49,724
Form type
4
Filing time
05 May 2022, 18:21:58 UTC
Previous filing
04 May 2022
Next filing
30 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SIVB Common Stock Options Exercise +261 +1.2% 22,880 03 May 2022 Direct F1
transaction SIVB Common Stock Tax liability $49,724 -97 -0.42% $512.62 22,783 03 May 2022 Direct F2
holding SIVB Common Stock 345 03 May 2022 By 401(k)/ESOP

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 SIVB Restricted Stock Unit Options Exercise $0 -261 -25% $0.000000 782 03 May 2022 Common Stock 261 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common Stock.
F2 Shares withheld by Issuer for payment of tax liability incurred upon vesting of restricted stock units.
F3 25%/4yr beginning on 03-May-2021.