Adobe (ADBE) CEO Shantanu Narayen Sells Shares

What Happened

• Shantanu Narayen, Chair and CEO of Adobe Inc., sold a total of 125,000 Adobe shares in open-market transactions on September 16–17, 2026. The individual trades reported prices (weighted averages) between about $246 and $253.64, producing aggregate proceeds of approximately $31.34 million. The filing notes the sales were primarily for the reporting person's tax and estate planning purposes.

Key Details

• Transaction dates: Sept 16, 2026 and Sept 17, 2026.
• Shares sold: 125,000 total; reported trade-level weighted-average prices ranged roughly from $246.09 to $253.64; some trades were executed in multiple fills with price ranges noted in footnotes (overall execution ranges ~$245.60–$253.74).
• Total proceeds: ≈ $31,344,876.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes: F1 states sales were primarily for tax and estate planning; several footnotes (F2–F14) disclose that individual transactions were executed in multiple trades and report price ranges with weighted-average prices shown.
• Filing timeliness: Report filed Sept 18, 2026 for transactions on Sept 16–17 — appears to be timely (no late filing flag noted).

Context

• These were outright sales (S = sale), which are generally considered routine liquidity or planning transactions rather than a direct signal of company outlook. The filing’s footnote indicating tax and estate planning reinforces that interpretation.