Insider trade

CEO sold ~$12.5M of ADBE shares in the open market

Traded Apr 28, 2026 · Filed Apr 30, 2026

AdobeADBE

~$12.5M
Reported value · 51K sh @ $243.1937: 383K
Holds after · shares reported: -0.8%
stock since the trade · S&P 500 +7.3%, $243.20 → $241.28 on Oct 1

Why it stands out

The boss of Adobe sold $12.5M of Adobe shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Apr 28, 2026
Reporting period: Not applicable
Filed with the SEC: Apr 30, 2026

CEOIndirect holding$1M+

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$12,505,506

Shares × reported transaction price

Timing vs results

47 days after results of Mar 12, 2026, 44 days before results of Jun 11, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $243.20 on Apr 28, 2026, 8% above its 52-week low and 42% below its high, after a 3% drop over the previous 30 trading days

52-week range $225.35 (Apr 10, 2026) to $420.68 (May 19, 2025), 9% of the way up, from 251 adjusted closes. 30 trading days earlier: $251.86 on Mar 16, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+0.9%	+2.4%	-1.4%
30 days	+9.3%	+5.3%	+4.0%
90 days	-1.1%	+2.9%	-4.0%

Past results only. Not a forecast.

Source receipt

Record ID: 0000796343-26-000105
Filed / recorded: Apr 30, 2026, 9:09 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: ADOBE INC.
Issuer CIK: 796343
Ticker: ADBE
Reporting person: Shantanu Narayen
Relationship: Director, Officer
Officer title: Chair and CEO
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Apr 28, 2026
Transaction code: S
Shares / units: 51,422
Price per share: $243.1937
Acquired / disposed: Disposed (D)
Shares owned after: 383,116
Ownership form: Indirect — by trust
Amendment: No

Footnotes from the filing

The sale was primarily made for the reporting person's tax and estate planning purposes.
This transaction was executed in multiple trades at prices ranging from $242.545 to $243.54. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.