Form 4: Adobe EVP Dana Rao Reports Stock Transactions

Dana Rao, EVP, General Counsel & Secretary of Adobe Inc., reports the acquisition and disposal of common stock and restricted stock units on April 15, 2024.

Summary

• On April 15, 2024, Dana Rao, EVP, General Counsel & Secretary of Adobe Inc., reported transactions involving Adobe's common stock and restricted stock units.
• Rao acquired 769 shares of common stock and disposed of 381 shares to cover tax liabilities at a price of $470.1 per share.
• Additionally, Rao acquired 442 shares of common stock and disposed of 219 shares to cover tax liabilities at a price of $470.1 per share.
• Following these transactions, Rao directly owns 23,904.2214 shares of Adobe common stock.
• Rao also reported transactions involving restricted stock units, acquiring 769 and 442 units, resulting in a total of 8,465 and 6,636 units owned, respectively.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and potential alignment with company performance.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership by a company executive.

Key Dates