Share Sale
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Doubts Raised as Silicon Valley Bank’s Executives Sell Millions of Dollars Worth of Shares
It is reported that Becker, the chief executive of Silicon Valley Bank, has sold nearly US $30 million of shares in the past two years, triggering new doubts about the sale of shares by insiders of the bank. Becker sold $3.6 million worth of shares on February 27, and just a few days later, the bank disclosed a huge loss, which triggered the decline and collapse of the share price. According to Smart Insider, Becker has sold a total of 29.5 million shares in the past two years. Other executives of Silicon Valley Bank, including the chief marketing officer and chief financial officer, have also sold shares worth millions of dollars since 2021. The bank’s executives and directors have cashed out a total of $84 million worth of shares in the past two years. The executives of Silicon Valley Bank cashed out $84 million of shares in two years, raising doubts Analysis based on this information:The news that the chief…
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CEO of Bank of Silicon Valley Sells $3.6 Million Worth of Shares Before Disclosure of Massive Loss
On March 11, less than two weeks before the Bank of Silicon Valley disclosed its massive loss, Chief Executive Officer Greg Becker sold $3.6 million of company…
