4/A: Adobe Executive Scott Belsky Amends SEC Filing to Disclose Rule 10b5-1 Trading Plan

Scott Belsky, Chief Strategy Officer & EVP at Adobe Inc., amended a previous SEC Form 4 filing to report a sale of common stock executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• This is an amendment to a previous SEC Form 4 filing by Scott Belsky, Chief Strategy Officer & EVP at Adobe Inc.
• The amendment clarifies that a sale of Adobe common stock was executed on April 26, 2022, under a Rule 10b5-1 trading plan adopted on December 22, 2021.
• The original filing reported a sale of 2,710 shares of common stock at a price of $410.18 per share.
• Following the reported transaction, Belsky beneficially owns 27,916.754 shares of Adobe common stock directly.
• The amended form also updates Belsky's title to Chief Strategy Officer & EVP.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports a stock sale under a pre-existing trading plan.

Industry Context

Executives often use Rule 10b5-1 trading plans to sell company stock in a pre-planned manner, avoiding accusations of insider trading. This filing provides transparency regarding Belsky's stock transactions.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives at companies like Microsoft, Apple, and Google to manage their stock sales while complying with insider trading regulations.
• The size and frequency of stock sales under these plans vary widely depending on the individual's holdings and financial planning needs.
• Disclosure of these plans and transactions is a standard requirement under SEC regulations, ensuring transparency for investors.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive stock transactions.
• The use of a Rule 10b5-1 plan mitigates concerns about insider trading.

Key Dates