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

Silicon Valley Bank executives and directors have cashed out a combined $84 million worth of stock over the past two years, CNBC reported, raising fresh questions about stock sales by insiders at the bank. Silicon Valley Bank Chief Executive Greg Becker has sold nearly $29.5 million in stock over the past two years, selling $3.6 million worth of stock on Feb. 27, just days after the bank disclosed a massive loss , And triggered a decline and collapse of stock prices. Other Silicon Valley Bank executives, including Chief Marketing Officer Michelle Draper, Chief Financial Officer Daniel Beck and Chief Operating Officer Philip Cox have also sold millions of dollars worth of stock since 2021, according to data from Smart Insider. In total, bank executives and directors cashed out $84 million worth of stock.