medium
Sell
6,765 shares
$3,555,075
Significance
4/10
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.