BREAKING: Before the collapse of Silicon Valley Bank, executives sold a lot of their shares.
Gregory Becker, CEO, sold 11% on Feb 27, 2023. Michael Zucker, General Counsel, 19% on Feb 5. Daniel Beck, CFO, sold 32% on Feb 27. Michelle Draper, CMO, sold 25% on Feb 1. Unusual.
Much of this was part of a trading plan, 10b5-1 which has reportedly started being investigated by the SEC, per WSJ. The CEO sold $3.57 million of stock within the last two weeks. Unusual.
