Insider trade

CEO sold ~$848K of ADBE shares in the open market

Traded Sep 17, 2026 · Filed Sep 18, 2026

AdobeADBE

~$848K
Reported value · 3,430 sh @ $247.3596: 284K
Holds after · shares reported: -4.5%
stock since the trade · S&P 500 +0.2%, $252.67 → $241.28 on Oct 1

Why it stands out

The boss of Adobe sold $848K 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: Sep 17, 2026
Reporting period: Not applicable
Filed with the SEC: Sep 18, 2026

CEOIndirect holding$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$848,443

Shares × reported transaction price

Timing vs results

7 days after results of Sep 10, 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 $252.67 on Sep 17, 2026, 31% above its 52-week low and 31% below its high, after a 3% drop over the previous 30 trading days

52-week range $193.41 (Jun 25, 2026) to $367.46 (Sep 18, 2025), 34% of the way up, from 251 adjusted closes. 30 trading days earlier: $259.32 on Aug 5, 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	-7.4%	-1.0%	-6.4%

Past results only. Not a forecast.

Source receipt

Record ID: 0001224154-26-000003
Filed / recorded: Sep 18, 2026, 10:18 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: Sep 17, 2026
Transaction code: S
Shares / units: 3,430
Price per share: $247.3596
Acquired / disposed: Disposed (D)
Shares owned after: 284,416
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 $246.645 to $247.6443. 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.