Form 4: Adobe EVP, General Counsel & Secretary Dana Rao Reports Sale of Common Stock
SEC Form 4 Filing
Dana Rao, EVP, General Counsel & Secretary of Adobe Inc., reported selling 6,765 shares of common stock on June 17, 2024, at a price of $525.51 per share.
Summary
- On June 17, 2024, Dana Rao, the EVP, General Counsel & Secretary of Adobe Inc., sold 6,765 shares of Adobe's common stock.
- The sale price was $525.51 per share.
- Following the transaction, Dana Rao directly owns 17,540.2214 shares of Adobe common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a stock sale by an officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect a broader trend in the software industry.
Stakeholder Impact
- The sale of shares by an executive could be perceived in various ways by stakeholders, but the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding shares of Adobe.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of the transaction: sale of common stock. |
| 06/20/2024 | Date of signature on the report. |
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