Adobe President Wadhwani Sells 1,498 Shares for Tax Withholding
Insider disposed of stock automatically upon RSU vesting to cover tax obligations, retaining substantial equity exposure of 43,216 shares and 15,826 derivative securities.
Overview
David Wadhwani, President, C&P at Adobe Inc. (NASDAQ:ADBE), disposed of 1,498.0 shares of common stock on July 15, 2026, according to a recent 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 $93.5 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.