Form 4: Adobe Executive Anil Chakravarthy Reports Significant Stock Acquisitions and Tax-Related Dispositions

Adobe Inc. President, DX, Anil Chakravarthy, reported multiple acquisitions of common stock through Restricted Stock Unit vesting and subsequent dispositions to cover tax liabilities, resulting in a net increase in his beneficial ownership.

Summary

• Anil Chakravarthy, President, DX at Adobe Inc., reported several transactions on July 15, 2025.
• He acquired a total of 1,894 shares of Adobe Common Stock through the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• Concurrently, he disposed of a total of 938 shares of Common Stock at a price of $364.18 per share to satisfy tax liabilities associated with the RSU vesting.
• The transactions resulted in a net increase of 956 shares in his direct beneficial ownership.
• Following these transactions, Anil Chakravarthy's direct beneficial ownership of Adobe Common Stock stands at 44,059.777 shares.
• His beneficial ownership also includes 56.689 shares acquired on June 30, 2025, through Adobe's 2020 Employee Stock Purchase Plan.

Sentiment

Score: 7

Explanation: The sentiment is positive as the transactions reflect ongoing executive compensation through RSU vesting and a net increase in beneficial ownership, indicating continued alignment with shareholder interests, despite routine tax-related sales.

Positives

• Anil Chakravarthy acquired 1,894 shares of common stock through RSU vesting, indicating ongoing compensation and alignment of executive interests with shareholders.
• The executive's total beneficial ownership of Adobe Common Stock increased by 956 shares after these transactions, demonstrating continued investment in the company.

Negatives

• A total of 938 shares were disposed of to cover tax liabilities, which is a common practice but reduces the executive's direct holdings from the gross vested amount.

Future Outlook

The document does not provide a future outlook for the company, focusing solely on past insider stock transactions.

Industry Context

This Form 4 filing details routine insider stock transactions for an executive at a major software company. Such filings are common across the technology industry as part of executive compensation and equity management.

Stakeholder Impact

• Shareholders: The transactions demonstrate continued equity ownership by a key executive, potentially aligning management's interests with shareholder value. The disposition of shares for tax purposes is a common occurrence and does not typically indicate a change in sentiment.
• Employees: The Employee Stock Purchase Plan mentioned indicates a broader program for employee equity participation.

Next Steps

• Future quarterly vesting of Restricted Stock Units will continue from the commencement dates of January 15, 2023, January 15, 2024, and January 15, 2025, at a rate of 6.25% quarterly.

Key Dates

Keywords

Adobe Inc., ADBE, Anil Chakravarthy, Form 4, SEC filing, insider trading, stock transactions, Restricted Stock Units, RSU vesting, employee stock purchase plan, beneficial ownership, tax liability