Silicon Valley Bank executives and directors cashed out $84 million worth of stock in the past two years

ChainCatcher news, according to CNBC, Silicon Valley Bank executives and directors have cashed out a total of $84 million in stock over the past two years, raising new questions about insider stock sales at the bank.

Silicon Valley Bank CEO Greg Becker sold nearly $29.5 million in stock over the past two years, selling $3.6 million worth of stock on February 27, just days before the bank disclosed a massive loss, leading to a decline and collapse in its stock price.

Other executives at Silicon Valley Bank, including Chief Marketing Officer Michelle Draper, Chief Financial Officer Daniel Beck, and Chief Operating Officer Philip Cox, have also sold millions of dollars in stock since 2021. According to data from Smart Insider, Silicon Valley Bank executives and directors have cashed out a total of $84 million in stock over the past two years. (source link)