Chakravarthy Anil 4

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.