The estimated Net Worth of Michael Lempres is at least $33.1 mil dollars as of 10 June 2022. Mr. Lempres owns over 674 units of Silvergate Capital stock worth over $6,329 and over the last 5 years he sold SI stock worth over $0. In addition, he makes $26,736 as Independent Director at Silvergate Capital.
Michael has made over 5 trades of the Silvergate Capital stock since 2019, according to the Form 4 filled with the SEC. Most recently he exercised 674 units of SI stock worth $843 on 10 June 2022.
The largest trade he's ever made was exercising 2,056 units of Silvergate Capital stock on 29 May 2021 worth over $2,570. On average, Michael trades about 633 units every 118 days since 2019. As of 10 June 2022 he still owns at least 5,063 units of Silvergate Capital stock.
You can see the complete history of Mr. Lempres stock trades at the bottom of the page.
Michael T. Lempres serves as Independent Director of the Company. He is executive in residence at venture capital firm Andreessen Horowitz. He previously was chief legal and risk officer of Coinbase, Inc., the nation’s leading digital currency exchange, general counsel of BitNet, Inc., an early digital currency company, and the senior attorney at Silicon Valley Bank. Earlier in his career he served as general counsel to the Pacific Exchange, a national securities exchange. In the public sector, Mr. Lempres has been appointed by three presidential administrations; he served as a White House Fellow and held several positions in the U.S. Department of Justice, including deputy associate attorney general. Mr. Lempres holds an A.B. degree from Dartmouth College and a law degree from Boalt Hall School of Law, University of California, Berkeley. In nominating Mr. Lempres, the Nominating and Corporate Governance Committee considered as important factors Mr. Lempres’s extensive legal experience, including his service as chief legal and risk officer with one of the nation's largest digital currency exchanges, his role as the senior attorney at a major California bank with a special technology focus, and his continuing activities and roles in venture capital and with other digital currency companies.
As the Independent Director of Silvergate Capital, the total compensation of Michael Lempres at Silvergate Capital is $26,736. There are 12 executives at Silvergate Capital getting paid more, with Benjamin Reynolds having the highest compensation of $1,092,080.
Michael Lempres is 60, he's been the Independent Director of Silvergate Capital since 2019. There are 7 older and 13 younger executives at Silvergate Capital. The oldest executive at Silvergate Capital Corporation is John M. Bonino, 72, who is the Chief Legal Officer.
Michael's mailing address filed with the SEC is 4250 EXECUTIVE SQUARE, SUITE 300, LA JOLLA, CA, 92037.
Over the last 5 years, insiders at Silvergate Capital have traded over $110,194,240 worth of Silvergate Capital stock and bought 75,511 units worth $952,292 . The most active insiders traders include Dennis S Frank, Scott A. Reed, eMartin S. Friedman. On average, Silvergate Capital executives and independent directors trade stock every 8 days with the average trade being worth of $27,531. The most recent stock trade was executed by Antonio Martino on 26 February 2023, trading 293 units of SI stock currently worth $366.
Silvergate Capital Corporation operates as a bank holding company for Silvergate Bank that provides banking products and services to business and individual clients in the United States and internationally. The company accepts deposit products, including interest and noninterest bearing demand accounts, money market and savings accounts, and certificates of deposit accounts. Its loan products include one-to-four family real estate loans, multi-family real estate loans, commercial real estate loans, construction loans, commercial and industrial loans, mortgage warehouse loans, and reverse mortgage loans, as well as consumer loans and other loans secured by personal property. The company also provides cash management services for digital currency-related businesses. The company was founded in 1988 and is headquartered in La Jolla, California.
Silvergate Capital executives and other stock owners filed with the SEC include: