# Adobe (ADBE) insider trading and SEC filings

Sep 18 Form 4: SHANTANU NARAYEN (officer) filed an open-market sale of 125,000 ADBE shares at $246.0861-$253.6366. 8 filings shown from 5 insiders.

I read the 8 insider filings below, filed between Jul 17 and Sep 18, 2026, all on Form 4. Each one is about Adobe stock and links to the original on EDGAR. They name 5 insiders: 5 officers. Of the filings, 2 report an open-market sale, 6 an option exercise, and 6 shares withheld for tax (some filings report more than one type). None of the 2 filings reporting a sale also reports an option exercise by the same person on the same trade date. Adobe's SEC record shows its latest 10-K filed Jan 15, 2026, its latest 10-Q Sep 22, 2026, and its latest 8-K Sep 10, 2026.

| Form | Filed | Insider | Transaction | Price | Trade date | Shares held after | Ownership |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 4 | 2026-09-18 | SHANTANU NARAYEN — Chair and CEO | Open-market sale · 125,000 shares (across 12 transactions) | $246.0861-$253.6366 | Sep 16, 2026-Sep 17, 2026 | 238,724 | Indirect — by trust |
| 4 | 2026-09-17 | Pentland Adele Louise — Chief Legal Officer & EVP | Option exercise · 1,949 shares | — | Sep 15, 2026 | 8,007 | Direct |
| 4 | 2026-09-17 | Pentland Adele Louise — Chief Legal Officer & EVP | Shares withheld for tax or exercise cost · 966 shares | $257.76 | Sep 15, 2026 | 7,041 | Direct |
| 4 | 2026-09-17 | Jillian Forusz — SVP & CAO | Option exercise · 3,085 shares (across 2 transactions) | — | Sep 15, 2026 | 6,797 | Direct |
| 4 | 2026-09-17 | Jillian Forusz — SVP & CAO | Shares withheld for tax or exercise cost · 1,528 shares (across 2 transactions) | $257.76 | Sep 15, 2026 | 5,381 | Direct |
| 4 | 2026-09-17 | Steven Day — Interim CFO and SVP | Option exercise · 1,741 shares (across 2 transactions) | — | Sep 15, 2026 | 6,936 | Direct |
| 4 | 2026-09-17 | Steven Day — Interim CFO and SVP | Shares withheld for tax or exercise cost · 862 shares (across 2 transactions) | $257.76 | Sep 15, 2026 | 6,228 | Direct |
| 4 | 2026-08-17 | Steven Day — Interim CFO and SVP | Option exercise · 58 shares | — | Aug 15, 2026 | 5,377 | Direct |
| 4 | 2026-08-17 | Steven Day — Interim CFO and SVP | Shares withheld for tax or exercise cost · 28 shares | $264.02 | Aug 15, 2026 | 5,349 | Direct |
| 4 | 2026-07-31 | Jillian Forusz — SVP & CAO | Open-market sale · 416 shares | $264.33 | Jul 29, 2026 | 3,824 | Direct |
| 4 | 2026-07-17 | SHANTANU NARAYEN — Chair and CEO | Option exercise · 8,298 shares (across 4 transactions) | — | Jul 15, 2026 | 365,140 | Indirect — by trust |
| 4 | 2026-07-17 | SHANTANU NARAYEN — Chair and CEO | Shares withheld for tax or exercise cost · 4,112 shares (across 4 transactions) | $224.56 | Jul 15, 2026 | 363,724 | Indirect — by trust |
| 4 | 2026-07-17 | Lara Balazs — Chief Marketing Officer & EVP | Option exercise · 2,538 shares (across 2 transactions) | — | Jul 15, 2026 | 6,286 | Direct |
| 4 | 2026-07-17 | Lara Balazs — Chief Marketing Officer & EVP | Shares withheld for tax or exercise cost · 1,257 shares (across 2 transactions) | $224.56 | Jul 15, 2026 | 5,638 | Direct |

Source: [https://pipthebot.com/insider/adbe/](https://pipthebot.com/insider/adbe/)

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