Sell4

ADOBE INC.

ADBE

Total Value

$31.3M

Net $31.3M sold

Filing Date

Sep 18, 2026

12 transactions

Sales

$31.3M

12 transactions

Trade Summary

On Sep 16, 2026 through Sep 17, 2026, NARAYEN SHANTANU, Chair and CEO, Director, sold $31.3M of ADOBE INC. (ADBE) across 12 transactions. The filing covers Common Stock and reflects net selling of $31.3M. Reported prices ranged from $246.09 to $253.64. Insider transactions are sourced from SEC Form 4 disclosures and should be reviewed alongside company fundamentals and the insider's broader trading history.

Price at the Time of the Trade

ADBE daily price with the insider's sale marked at $250.76.

Sold in the upper half of the 6-month range · about level with today's price.

Price data is delayed and provided for context only — not investment advice.

Insider Information

Name: NARAYEN SHANTANU
Role: Chair and CEO, Director
Location: SAN JOSE, CA

Filing Details

Filing Date: Sep 18, 2026
Transaction Date: Sep 16, 2026
Accession Number: 0001224154-26-000003
Form Type: 4
Net Trading Amount: -$31.3M

Non-Derivative Transactions

Date	Security	Shares	Price	Type	Value
Sep 16, 2026	Common Stock	8,358	$250.22	Sale	$2.1M
Sep 16, 2026	Common Stock	33,001	$251.03	Sale	$8.3M
Sep 16, 2026	Common Stock	20,716	$252.03	Sale	$5.2M
Sep 16, 2026	Common Stock	11,495	$253.06	Sale	$2.9M
Sep 16, 2026	Common Stock	930	$253.64	Sale	$235.9K
Sep 17, 2026	Common Stock	1,378	$246.09	Sale	$339.1K
Sep 17, 2026	Common Stock	3,430	$247.36	Sale	$848.4K
Sep 17, 2026	Common Stock	7,168	$248.14	Sale	$1.8M
Sep 17, 2026	Common Stock	10,313	$249.17	Sale	$2.6M
Sep 17, 2026	Common Stock	17,595	$250.19	Sale	$4.4M
Sep 17, 2026	Common Stock	9,978	$251.02	Sale	$2.5M
Sep 17, 2026	Common Stock	638	$251.76	Sale	$160.6K

Want live alerts when NARAYEN SHANTANU trades again?

Download Insider Trades to track ADBE, follow insiders, and get mobile alerts when new SEC Form 4 filings are published.

iOS App Android App

Footnotes

(F1)The sale was primarily made for the reporting person's tax and estate planning purposes.
(F2)This transaction was executed in multiple trades at prices ranging from $249.53 to $250.52. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F3)Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
(F4)This transaction was executed in multiple trades at prices ranging from $250.53 to $251.525. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F5)This transaction was executed in multiple trades at prices ranging from $251.53 to $252.52. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F6)This transaction was executed in multiple trades at prices ranging from $252.555 to $253.53. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F7)This transaction was executed in multiple trades at prices ranging from $253.57 to $253.74. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F8)This transaction was executed in multiple trades at prices ranging from $245.595 to $246.2986. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F9)This transaction was executed in multiple trades at prices ranging from $246.645 to $247.6443. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F10)This transaction was executed in multiple trades at prices ranging from $247.645 to $248.64. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F11)This transaction was executed in multiple trades at prices ranging from $248.65 to $249.64. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F12)This transaction was executed in multiple trades at prices ranging from $249.672 to $250.67. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F13)This transaction was executed in multiple trades at prices ranging from $250.68 to $251.59. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
(F14)This transaction was executed in multiple trades at prices ranging from $251.72 to $251.81. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NARAYEN SHANTANU

(Last)

(First)

(Middle)

ADOBE INC.

345 PARK AVENUE

(Street)

SAN JOSE

95110

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ADOBE INC. [ ADBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/16/2026		S⁽¹⁾		8,358	D	$250.2245⁽²⁾	355,366	I	by trust⁽³⁾
Common Stock	09/16/2026		S⁽¹⁾		33,001	D	$251.0333⁽⁴⁾	322,365	I	by trust⁽³⁾
Common Stock	09/16/2026		S⁽¹⁾		20,716	D	$252.0287⁽⁵⁾	301,649	I	by trust⁽³⁾
Common Stock	09/16/2026		S⁽¹⁾		11,495	D	$253.0598⁽⁶⁾	290,154	I	by trust⁽³⁾
Common Stock	09/16/2026		S⁽¹⁾		930	D	$253.6366⁽⁷⁾	289,224	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		1,378	D	$246.0861⁽⁸⁾	287,846	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		3,430	D	$247.3596⁽⁹⁾	284,416	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		7,168	D	$248.1427⁽¹⁰⁾	277,248	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		10,313	D	$249.1717⁽¹¹⁾	266,935	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		17,595	D	$250.1868⁽¹²⁾	249,340	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		9,978	D	$251.0237⁽¹³⁾	239,362	I	by trust⁽³⁾
Common Stock	09/17/2026		S⁽¹⁾		638	D	$251.7602⁽¹⁴⁾	238,724	I	by trust⁽³⁾
Common Stock								399.15	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sale was primarily made for the reporting person's tax and estate planning purposes.

2. This transaction was executed in multiple trades at prices ranging from $249.53 to $250.52. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

3. Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

4. This transaction was executed in multiple trades at prices ranging from $250.53 to $251.525. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

5. This transaction was executed in multiple trades at prices ranging from $251.53 to $252.52. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

6. This transaction was executed in multiple trades at prices ranging from $252.555 to $253.53. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

7. This transaction was executed in multiple trades at prices ranging from $253.57 to $253.74. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

8. This transaction was executed in multiple trades at prices ranging from $245.595 to $246.2986. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

9. This transaction was executed in multiple trades at prices ranging from $246.645 to $247.6443. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

10. This transaction was executed in multiple trades at prices ranging from $247.645 to $248.64. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

11. This transaction was executed in multiple trades at prices ranging from $248.65 to $249.64. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

12. This transaction was executed in multiple trades at prices ranging from $249.672 to $250.67. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

13. This transaction was executed in multiple trades at prices ranging from $250.68 to $251.59. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

14. This transaction was executed in multiple trades at prices ranging from $251.72 to $251.81. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	09/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Form 4 as rendered by the SEC from accession 0001224154-26-000003.

ADOBE INC.

Trade Summary

Price at the Time of the Trade

Company Information

Insider Information

Filing Details

Non-Derivative Transactions

Want live alerts when NARAYEN SHANTANU trades again?

Footnotes

SEC Form 4

SEC Filing

SEC Form 4

Price at the Time of the Trade