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sellNotable cluster of 3

Shantanu Narayen sold $18M of ADBE

Chair and CEO at ADOBE INC.. 75,000 shares at an average of $243.54, traded Apr 28, 2026, filed Apr 30, 2026.

Warning score
70
Value
$18M
75,000 shares
Holdings after
359,538
-17% from before
From 52-week low
+8%
low $225.35, close $243.20
From 52-week high
-42%
high $420.68, as of Apr 28, 2026

Score components

  • Role
    CEO
    +25
  • Trade size
    $18.3M at market
    +25
  • Share of holdings sold
    Sold 17% of holdings
    +5
  • Cluster
    3 insiders selling within 14 days
    +15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +5.3%, 3m +0.7%, 6m -.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

ADBEOct 9, 2026 · close 242.27
Since filing Apr 30, 2026: -1.6%SPY +8.8% · excess -10.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000796343-26-000105, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Apr 28, 2026SOpen-market sale
Common Stockindirect: by trust
-51,422$243.19$13M383,116Apr 30, 2026
Apr 28, 2026SOpen-market sale
Common Stockindirect: by trust
-13,237$243.89$3.2M369,879Apr 30, 2026
Apr 28, 2026SOpen-market sale
Common Stockindirect: by trust
-10,341$244.78$2.5M359,538Apr 30, 2026

Related signals

Other insiders at ADOBE INC. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
60Notable
ADBEsell
ADOBE INC.
Shantanu Narayen
Chair and CEO
$31M
125,000 shares
-34%
25Weak
ADBEsell
ADOBE INC.
Jillian Forusz
SVP & CAO
$110k
416 shares
-10%
68Notable
ADBEbuy
ADOBE INC.
David A Ricks
director
$1.9M
10,000 shares
+131%
47Moderate
ADBEsell 3
ADOBE INC.
Jillian Forusz
SVP & CAO
$186k
755 shares
-18%
52Moderate
ADBEsell 3
ADOBE INC.
Daniel Durn
EVP & CFO
$331k
1,336 shares
-3%
25Weak
ADBEsell
ADOBE INC.
Daniel Durn
EVP & CFO
$485k
1,646 shares
-4%
22Weak
ADBEsell
ADOBE INC.
Jillian Forusz
SVP & CAO
$50k
149 shares
-4%
32Weak
ADBEsell
ADOBE INC.
Jillian Forusz
SVP & CAO
$176k
462 shares
-14%
58Moderate
ADBEbuy
ADOBE INC.
Daniel Durn
EVP & CFO
$508k
1,300 shares
+5%
64Notable
ADBEbuy
ADOBE INC.
David A Ricks
director
$999k
2,250 shares
+82%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Shantanu Narayen sold $18M of ADBE | InsiderTell