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SVB Financial CEO Sold $3.6M In Shares Prior To Bank's Collapse: Here Are Other Insider Sellers
On Jan. 24, Chief Marketing Officer Michelle Draper reported a sale of $20,000 in shares at an average price of $239.20.
On Feb. 3, Chief Marketing Officer Michelle Draper reported a sale of 809 shares at an average price of $239.54.
On March 1, Chief Financial Officer Daniel Beck reported a sale of 2,000 shares at an average of $287.59, totaling over $575,000.
The biggest insider transaction drawing attention is one reported on March 1 by Chief Executive Officer Gregory Becker. The CEO exercised 12,451 options at a price point of $105.18 and sold the acquired stock at prices ranging from $285.79 to $288.55 on Feb. 27.
The total sale was worth $3,578,652 netting Becker a profit of $2,269,056