Form 4: Adobe Inc. Executive Anil Chakravarthy Reports Stock Transactions

Anil Chakravarthy, President of DX at Adobe Inc., reports transactions involving common stock and restricted stock units.

Summary

• Anil Chakravarthy, President, DX of Adobe Inc., filed a Form 4 with the SEC on October 17, 2024, reporting changes in beneficial ownership of Adobe's common stock and derivative securities.
• On October 15, 2024, Chakravarthy executed multiple transactions involving common stock.
• These transactions included the acquisition of 761 shares and 437 shares upon the vesting of restricted stock units, as well as the disposition of 377 shares and 216 shares to cover tax liabilities.
• Following these transactions, Chakravarthy directly owns 36,115.0874 shares of Adobe common stock.
• Chakravarthy also holds 6,844 and 5,683 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.

Key Dates