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Adobe President sells 1,498 shares to cover tax on vested RSUs
The transaction, filed on SEC Form 4, priced the shares at $224.56 on July 15, and the executive continues to hold beneficial ownership of 61,892 shares valued at about $14.6 million as of the July 16 close.
Adobe Inc. disclosed that its President, Anil Chakravarthy, completed a non-discretionary sale of 1,498 shares on July 15, 2026, at a weighted average price of $224.56 per share, according to an SEC Form 4 filing cited by Yahoo Finance.
The filing describes the move as part of a routine tax-withholding mechanism, where shares were surrendered to cover tax liabilities due upon the vesting of restricted stock units tied to his equity compensation.
Yahoo Finance also notes that Chakravarthy retains a significant remaining stake, including direct common stock totaling 61,892 shares, plus 15,826 derivative securities, with unvested awards that continue vesting quarterly at a 6.25% rate through January 2030.
Based on the July 16, 2026 market close of $235.31, his 61,892 shares were valued at approximately $14.6 million, and the article referenced a roughly -38% stock return over the year ending July 15, 2026.