One of the biggest financial stories of the week was the collapse of SVB Finance Group SIVB as the company’s share price fell significantly later in the week.

A look at recent insider transactions shows that several sales occurred before the share price fell.

What happened: Silicon Valley Bank, a unit of SVB Financial Group, was shut down by California’s Department of Financial Protection and Innovation on Friday. The Federal Deposit Insurance Corporation was named as recipient for the bank.

The company has fought to raise additional capital and concerns about cash burn and liquidity caused the bank’s shares to fall sharply on Thursday and Friday before the stock was halted.

Before shares fell, several SVB Financial Group insiders sold shares of the stock, a move that is now attracting attention from investors and on social media.

Related link: Exclusive: Jim Cramer recommended SVB Financial in February, an example of his ‘Reverse Midas Touch’

The insider sale: gasoline gas Insider Trading page for the SVB Financial Group has had several insider sales since the beginning of 2023.

On January 5th Beverly Kay Matthewsthe company’s CEO, announced a purchase of 1,000 shares at an average price of $232.06.

On January 24 Chief Marketing Officer Michelle Tucher reported a sale of $20,000 worth of shares at an average price of $239.20.

On February 3, Chief Marketing Officer Michelle Draper announced a sale of 809 shares at an average price of $239.54.

Chief Financial Officer on March 1st Daniel Beck reported a sale of 2,000 shares at an average price of $287.59 for a total value of over $575,000.

The largest insider transaction attracting attention was reported by the chief executive officer on March 1 Gregory Becker. The manager exercised 12,451 options at a price of $105.18 and sold the purchased shares on February 27 at prices ranging from $285.79 to $288.55.

The total sale was worth $3,578,652, giving Becker a profit of $2,269,056.

Following the transaction, Becker owns 92,552 shares of…