SVB insider says employees are angry with CEO

Re:SVB insider says employees are angry with CEO by yieldcrv on Monday March 13, 2023 @06:52PM (#35144282)

yes, they filed new 10b5-1 and used them. they did the needful. it will probably cause the rules to change.

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Re:SVB insider says employees are angry with CEO by SubuSS on Monday March 13, 2023 @08:52PM (#35145721)

I don’t think it kicks in without another trading window going by. It requires 3 months or more to kick in.

There might be more to this than what we’re hearing. It’s probably all media frenzy bs right now.

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Re:SVB insider says employees are angry with CEO by hexedpackets on Tuesday March 14, 2023 @09:45AM (#35151398)

That's a new regulation passed in December that doesn't take effect until April. At the moment, there is no cooling off period.

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Re:SVB insider says employees are angry with CEO by iEchoic on Tuesday March 14, 2023 @12:08AM (#35147332)

10b5-1 rules actually did change recently, IIRC it's now about six months from change to sell.

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Re:SVB insider says employees are angry with CEO by yieldcrv on Tuesday March 14, 2023 @02:07AM (#35147944)

3 months but that new rule kicks in April 1st

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