No. Because a short seller speculates the bank is in trouble doesn't mean it gives execs carte blanche to sell their stock.
The "inside information" piece is exactly when SVB would need to do a highly risky capital raise, which SVB did (or tried to do) conveniently 2 weeks after the CEO sold millions.
You mean the reverse, right?
You can't insider trade if it's not insider information!
This article supports the execs, not damns them.