Form 4: Adobe EVP & CFO Daniel Durn Sells Shares
SEC Form 4 Filing
Daniel Durn, EVP & CFO of Adobe Inc., sold a total of 6,500 shares of common stock on September 17, 2024, in two separate transactions.
Summary
- On September 17, 2024, Daniel Durn, the EVP & CFO of Adobe Inc., sold 4,500 shares of Adobe's common stock at a weighted average price of $515.2278.
- The price range for this transaction was between $514.78 and $515.74.
- Following this, Durn sold an additional 2,000 shares at a weighted average price of $515.9015, with prices ranging from $515.795 to $516.10.
- After these transactions, Durn directly owns 20,838.098 shares of Adobe's common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by a company executive, which is neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The stock sale by a high-ranking executive could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of stock sale transactions. |
| 09/19/2024 | Date of signature for the Form 4 filing. |
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