Chakravarthy Anil 4
4 · ADOBE INC. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Adobe (ADBE) President Anil Chakravarthy Exercises Equity, Surrenders Shares
What Happened
Anil Chakravarthy, President (CXO) of Adobe (ADBE), had equity vest on January 24, 2026 and converted/received derivative awards. The filing shows conversions/acquisitions of 24,213 shares (606 + 23,607) at $0.00 (derivative-to-stock conversion). To satisfy tax withholding, 12,002 shares were surrendered (300 + 11,702) at $301.07 per share, totaling $3,613,442 ($90,321 + $3,523,121). On January 26, 2026 he was recorded as acquiring an additional 18,086 shares as an award/settlement of derivative awards.
Key Details
- Transaction dates: primary conversions on 2026-01-24; additional award recorded 2026-01-26.
- Withholding sale price: $301.07 per share. Shares surrendered for taxes: 12,002 shares = $3,613,442.
- Derivative conversions/acquisitions reported: 24,213 shares (606 + 23,607) on 1/24/26. Additional award: 18,086 shares on 1/26/26.
- Footnotes: F1 = shares surrendered to pay tax liability at vesting. F3 = represents 2023 Performance Share Program awards that vested in full on the three‑year anniversary (1/24/2026). F2 and F4 describe standard staggered vesting schedules for other awards.
- Filing: Form 4 covering 1/24/2026 transactions was filed 2026-01-27 (as reported).
- Shares owned after the transactions are not specified in the provided filing excerpt.
Context
- Transaction codes: M = exercise/conversion of derivative (e.g., RSU/PSU vesting or option conversion); F = shares withheld/surrendered to cover tax withholding. This appears to be routine vesting and tax withholding rather than an open-market sale or new purchase.
- For retail investors: withholding of shares to cover taxes is standard when equity vests and does not necessarily signal bullish or bearish insider sentiment.
Insider Transaction Report
Form 4
ADOBE INC.ADBE
Chakravarthy Anil
President, CXO
Transactions
- Exercise/Conversion
Common Stock
2026-01-24+606→ 47,160.777 total - Tax Payment
Common Stock
[F1]2026-01-24$301.07/sh−300$90,321→ 46,860.777 total - Exercise/Conversion
Common Stock
2026-01-24+23,607→ 70,467.777 total - Tax Payment
Common Stock
[F1]2026-01-24$301.07/sh−11,702$3,523,121→ 58,765.777 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-01-24−606→ 0 totalExercise: $0.00→ Common Stock (606 underlying) - Exercise/Conversion
Performance Shares
[F3]2026-01-24−23,607→ 0 totalExercise: $0.00→ Common Stock (23,607 underlying) - Award
Restricted Stock Units
[F4]2026-01-26+18,086→ 18,086 totalExercise: $0.00→ Common Stock (18,086 underlying)
Footnotes (4)
- [F1]Shares surrendered to pay tax liability due at vesting.
- [F2]Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
- [F3]Represents shares earned under the 2023 Performance Share Program that vested in full on the three-year anniversary of the January 24, 2023 vesting commencement date.
- [F4]Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Signature
/s/ Jillian Forusz, as attorney-in-fact|2026-01-27