Adobe President Anil Chakravarthy Sells 1,498 Shares for Tax Withholding
Insider retains 61,892 shares valued at $13.90 million following routine RSU vesting. Chakravarthy holds 15,826 additional derivative securities continuing to vest quarterly through January 2030.
Overview
Anil Chakravarthy, President, CXO, reported a non-discretionary disposition of 1,498 shares of Adobe Inc. (NASDAQ:ADBE) at $224.56 per share on July 15, 2026. SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($224.56); post-transaction value based on July 15, 2026 market close ($224.56).
Details
Adobe Inc. is a globally recognized software provider with a market capitalization of $93.9 billion and TTM revenue of $25.2 billion, positioning it as a market leader in digital content creation and experience management. The company's diversified business model, anchored in subscription-based cloud services, generates substantial profitability with TTM net income of $7.2 billion, reflecting strong operational efficiency and pricing power. Adobe maintains competitive advantages through its integrated product ecosystem, extensive customer relationships, and continuous innovation in artificial intelligence and digital transformation solutions.
Source
Originally published at www.fool.com.