ADBE ADOBE INC. Insider Trading

Adobe CEO Shantanu Narayen sold 75,000 shares for $18,265,234.26 across three transactions on 2026-04-28.

Shantanu Narayen, Chair and CEO of Adobe, executed three separate sales totaling 75,000 shares (75.0K shares) for $18,265,234.26 at an average price of $243.54 per share on 2026-04-28, reducing his holdings by 17.3% from 434,538 to 359,538 shares. The current stock price of $246.10 is 41.5% below the 52-week high of $420.68, and the stock has declined 16.1% over the past 90 days despite a modest 1.2% gain over 30 days. Narayen's prior five trades at Adobe (all sells on 2024-09-25) exhibited a 100% well-timed pattern with negative 90-day returns ranging from -13.9% to -14.8%, suggesting a consistent ability to sell before downturns at this specific ticker. His broader cross-ticker track record shows 20 prior sells with a 70% well-timed rate at the 90-day mark, indicating a pattern of selling before declines, though his cross-ticker average 90-day return after sells is -4.6%, substantially better than his ADBE-specific timing outcomes.

CFO Durn Daniel bought 1,300 shares at $390.58 avg; stock down 34.0% from 52-week high.

Durn Daniel, EVP & CFO of Adobe, executed 2 separate open-market purchases totaling 1,300 shares for $507,758.07 on 2025-03-20 at a blended average price of $390.58. His post-transaction holdings of 29,876 shares represent a 4.5% increase from pre-transaction levels. The timing coincides with material stock weakness: the current price of $387.26 is 34.0% below the 52-week high of $586.55 and has declined 15.3% over the past 30 days. His cross-ticker track record shows 1 prior buy with an average 90-day return of +5.2%, though his prior sales at ADBE have been well-timed (3 of 3 prior sales at this ticker generated negative 90-day returns, including sales on 2024-09-17 and 2023-12-22). The company's fundamentals remain solid with revenue of $5,408,000,000.00 and net income of $1,684,000,000.00 in the latest quarter, though the stock trades at a P/E of 30.69, suggesting elevated valuation. This purchase by a senior finance executive during a period of significant drawdown from recent highs merits observation, particularly given his demonstrated ability to exit positions before subsequent declines.

Director Ricks David A bought 2,250 ADBE shares at $443.98 on 2025-01-28, increasing holdings 82.3% to 5.0K shares.

Director Ricks David A purchased 2,250 shares of Adobe at $443.98, boosting his holdings by 82.3% from 2.7K to 5.0K shares, representing a $998.9K commitment. The transaction occurs with Adobe trading at $446.00, down 29.7% from its 52-week high of $634.76 but showing modest near-term resilience (+0.3% over 30 days). The company maintains strong fundamentals with $5.4B quarterly revenue (+10.8% year-over-year growth) and $1.7B in net income, though the elevated P/E of 35.34 reflects investor pricing expectations. This open-market purchase by a director—a substantial increase in absolute share count—reflects direct equity commitment by a company insider at current valuations.

Scott Belsky sold 4,741 shares of ADBE for $2,046,258.72 across two transactions on Jan 24-27 at $437.28 and $430.24.

Chief Strategy Officer Scott Belsky sold 4,741 shares (a 20.5% reduction from pre-transaction holdings of 23,075 shares) across two separate sales at blended average price $431.61, occurring as the stock traded below its current price of $442.84 and significantly below its 52-week high of $634.76. Belsky's prior trades at ADBE show strong 90-day timing accuracy (4 of 5 prior sells were well-timed, with negative 90-day returns in 4 cases), though his cross-ticker track record shows a 50.00% well-timed rate with modest 90-day returns averaging -0.9%. The sale occurs in a context of solid fundamentals (quarterly revenue $5,408,000,000, annual growth +10.8%, P/E 35.09), so the transaction itself does not signal material deterioration; however, the pattern of repeated sales by a CSO and the stock's 9.0% 90-day decline warrant attention to near-term price dynamics and any forward guidance changes.

Chief Strategy Officer Scott Belsky sells 2,233 shares at $511.48 avg for $1.1M; stock down -21.7% from 52-week high.

Scott Belsky, Chief Strategy Officer & EVP at Adobe, executed 2 separate sales totaling 2,233 shares for $1,142,136.77 on October 15–16, 2024, at a blended average price of $511.48, reducing his holdings by 11.0%. His prior trades at ADBE show a strong same-ticker timing pattern: 4 of 5 prior sells occurred before subsequent 90-day declines, with an average 90-day return of -9.2% across those five prior transactions. The current stock price ($496.83) is now -21.7% below the 52-week high and -3.5% below 30 days prior, positioning these October sales within a downtrend that has continued to the present. This sale, combined with his demonstrated ability to sell ADBE ahead of negative 90-day performance in prior instances, warrants attention as a data point in the stock's recent trajectory.

CEO Shantanu Narayen sells 25,000 ADBE shares for $13.0M at blended $521.58 amid 9.2% 30-day decline.

Shantanu Narayen, Chair and CEO of Adobe, executed 6 separate sales totaling 25,000 shares for $13,039,414.29 on 2024-09-25, reducing his holdings by 6.5% to 357,700 shares. The transaction occurred at a blended average price of $521.58, near the high end of Adobe's recent range ($515.38 current, down 9.2% over 30 days and 18.8% from the 52-week high). Narayen's prior 5 sales at Adobe all generated negative 90-day returns, with a 100% well-timed rate at this ticker—suggesting consistency in his exit timing. Cross-ticker, his 14 prior sells averaged -0.4% 90-day return with a 57.14% well-timed rate, indicating mixed but slightly above-average execution. The sale occurs as ADBE trades at a elevated P/E of 42.31 and faces recent near-term headwinds (30-day and 90-day declines), though the company reports solid fundamentals (revenue $5.4B, net income $1.7B, 10.2% annual growth).

Adobe CFO Durn Daniel sold 6,500 shares for $3,350,328.10 on 2024-09-17

Durn Daniel, EVP & CFO of Adobe, executed 2 separate sales totaling 6,500 shares for $3,350,328.10 at a blended average price of $515.44, reducing his holdings by 23.8% from 27,338 to 20,838 shares. His prior open-market sell at this ticker (2023-12-22) was well-timed, with a 90-day return of -14.4%, indicating his prior sale preceded a stock decline. The stock is currently trading at $526.44, up modestly from the $515.44 transaction price, though the stock has declined 6.4% over the past 30 days and stands 17.1% below its 52-week high of $634.76. Adobe's fundamentals remain solid with FY revenue growth of 10.2% year-over-year and a P/E of 45.98, but the recent price weakness may be the context for this significant liquidation.

Adobe CSO Scott Belsky sells 2,231 shares in 2 transactions for $1,252,936.50 ($1.3M), retains 19,658 shares post-sale.

Scott Belsky, Chief Strategy Officer & EVP, executed 2 separate sales totaling 2,231 shares for $1,252,936.50 on 2024-07-15 and 2024-07-16 at a blended average price of $561.60. His post-transaction holdings of 19,658 shares represent a -10.2% reduction versus pre-transaction levels of 21,889 shares. This sale occurred while ADBE trades at $563.09, near recent strength (+8.6% over 30 days, +19.0% over 90 days). Belsky's same-ticker history at Adobe shows mixed outcomes: 2 of 4 prior measurable sells were well-timed at the 90-day horizon, with the most recent May 2024 sale posting a -6.2% 30-day return. His cross-ticker track record exhibits a 28.57% well-timed rate across 8 prior sells, with a 4.7% average 90-day return—suggesting modest historical accuracy in sell timing. The transaction is material in dollar terms but modest relative to total holdings, with the insider maintaining a substantial remaining position.

Adobe CEO Shantanu Narayen sold 25,000 shares for $13.6M in 4 transactions on 2024-06-27; holds 379,660 post-sale

Shantanu Narayen, Chair and CEO of Adobe, executed 4 separate sales totaling 25,000 shares (25.0K shares) for $13,602,669.51 ($13.6M) at prices ranging from $543.04 to $545.82, with a blended average of $544.11. The current stock price of $555.54 is 12.5% below the 52-week high ($634.76) but has appreciated 16.3% over the past 30 days and 10.1% over 90 days. Narayen's cross-ticker track record shows 10 prior sells with a 90-day well-timed rate of 40.00%, while his prior sales at Adobe (5 trades, 4 of which occurred on the same date in December 2023) exhibited mixed timing outcomes: 4 trades showed negative 90-day returns, but 1 trade from June 2023 delivered +11.7% over 90 days. The sale reduces his holdings by 6.2% to 379,660 shares, representing a routine portfolio adjustment by a substantial shareholder in a company with strong fundamentals (P/E: 48.52, FY revenue growth +10.2%, net income $1.6B).

EVP Dana Rao sold 6,765 shares of ADBE at $525.51 for $3,555,075.15 on 2024-06-17.

Dana Rao, EVP, General Counsel & Secretary, sold 6,765 shares at $525.51 on 2024-06-17, reducing holdings from 24,305 to 17,540 shares (-27.8%). The stock has since declined to $522.95 from its 52-week high of $634.76, currently trading -17.6% below that peak. In his prior sale at ADBE on 2023-06-23, the stock returned +8.3% over 30 days and +7.0% over 90 days—a poorly timed sale given subsequent positive returns. This recent sale carries similar characteristics: moderate size relative to remaining holdings, executed at an elevated price level, but cannot be assessed for timing merit until the post-transaction interval closes.