Form 4: Adobe Inc. Executive Anil Chakravarthy Reports Stock Transactions
SEC Form 4 Filing
Anil Chakravarthy, President of DX at Adobe Inc., reported the vesting of restricted stock units and subsequent sale of shares to cover tax obligations on April 15, 2025.
Summary
- On April 15, 2025, Anil Chakravarthy, President of DX at Adobe Inc., executed transactions involving Adobe's common stock.
- These transactions included the vesting of restricted stock units (RSUs) and the subsequent disposition of shares to cover tax liabilities.
- Specifically, 760, 437, and 695 Restricted Stock Units vested and were converted to common stock.
- A total of 376, 216, and 344 shares were disposed of to cover tax obligations at a price of $350.38 per share.
- Following these transactions, Chakravarthy directly owns 42,741.088 shares of Adobe common stock and derivative securities including 10,433 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no indication of unusual or concerning activity. The sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Key Dates
| Date | Description |
|---|---|
| January 15, 2023 | Vesting commencement date for 760 Restricted Stock Units (6.25% quarterly) |
| January 15, 2024 | Vesting commencement date for 437 Restricted Stock Units (6.25% quarterly) |
| January 15, 2025 | Vesting commencement date for 695 Restricted Stock Units (6.25% quarterly) |
| April 15, 2025 | Date of transactions: vesting of RSUs and sale of shares for tax liability |
| April 17, 2025 | Date of signature by attorney-in-fact |
Keywords
Adobe Inc., Anil Chakravarthy, Form 4, Restricted Stock Units, Stock Transactions, Beneficial Ownership, President DX, ADBE
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