SVB CEO Greg Becker sold $3.6 million in shares on February 27, 2023, just days before SVB disclosed massive losses and collapsed. Total insider sales over the prior two years reached $84 million. CFO Daniel Beck sold $575K the same day as Becker. While sales were through pre-scheduled 10b5-1 plans, Becker's plan was filed just one month before his sale. Lawmakers demanded clawbacks.
Silicon Valley Bank executives sold $84 million in stock before the bank's collapse
βSVB insiders knew the bank was in trouble and dumped their shares before it collapsed, leaving depositors holding the bag.β
π The Receipts
βοΈ The Record, Side by Side
What they said vs. what the evidence shows
βAll stock sales were conducted through pre-planned trading programs in compliance with securities regulations.β
β SVB Financial Group Β· Mar 2023
π They Laughed At Us
βAll stock sales were conducted through pre-planned trading programs in compliance with securities regulations.β
β³ The Vindication Timeline
From βcrazyβ to confirmed
The Claim Is Made
This is the moment they called it crazy.
Confirmed: They Were Right
The truth comes out. Officially documented.
Confirmed: They Were Right
The truth comes out. Officially documented.
π How Right We Were
The People Speak(94)
No one's said anything yet. Be the first to drop your take.
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