Insider selling at these dollar levels is routine and carries no actionable signal. Monitor Adobe's next earnings release for any guidance changes, but this cluster alone does not warrant a trade.
Price Chart
Executive Summary
Adobe's CEO Shantanu Narayen sold $12.5M worth of stock on April 28, and the SVP & CAO sold $186K on April 30, totaling $12.69M in insider selling over a 7-day window. At a $99.5B market cap, this represents only ~0.013% of market value — a trivial amount that does not signal material concern. The cluster is routine and lacks the proportionality to warrant a bearish read.
Key Financial Metrics
Key Facts
- CEO Shantanu Narayen sold 51,422 shares at ~$243.19 for $12.51M on April 28
- SVP & CAO Jillian Forusz sold 755 shares at ~$246.25 for $186K on April 30
- Total cluster value: $12.69M, representing ~0.013% of Adobe's $99.5B market cap
- Both transactions were open-market sales (code S)
- No insider buying in the cluster window
Financial Impact
Total insider selling of $12.69M is immaterial relative to $99.5B market cap (0.013%)
Risk Factors
- CEO selling could be misinterpreted by retail as bearish, but the dollar amount is trivial
- No insider buying to offset the selling pattern
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ADBE-1777684688854 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 22, 2026 10w ago | Institutional Cluster | $218.36 $272.47 | ▲ +24.78% | ▲ +21.88% | $241.28 (+10.50%) |
Jul 21, 2026 10w ago | ANALYST-DOWNGRADE | $227.16 $263.14 | ▼ −15.84% | ▼ −13.28% | $241.28 (−6.22%) |
Jul 20, 2026 10w ago | ANALYST-UPGRADE | — | awaiting T+20 | — | — |
Jul 2, 2026 13w ago | ANALYST-UPGRADE | $219.72 $247.90 | ▲ +12.83% | ▲ +13.24% | $241.28 (+9.81%) |
Jun 26, 2026 13w ago | Insider Buy | $206.43 $225.11 | ▲ +9.05% | ▲ +9.33% | $241.28 (+16.88%) |
Jun 12, 2026 16w ago | ANALYST-DOWNGRADE | $204.02 $223.64 | ▼ −9.62% | ▼ −7.84% | $241.28 (−18.26%) |
Jun 12, 2026 16w ago | ANALYST-DOWNGRADE | $204.02 $223.64 | ▼ −9.62% | ▼ −7.84% | $241.28 (−18.26%) |
Jun 11, 2026 16w ago | 8-K | $204.02 $223.64 | ▲ +9.62% | ▲ +7.84% | $241.28 (+18.26%) |
Apr 28, 2026 22w ago | Insider Cluster | $242.97 $240.49 | ▼ −1.02% | ▼ −6.49% | $241.28 (−0.69%) |
Apr 27, 2026 22w ago | ANALYST-DOWNGRADE | $239.29 $240.49 | ▼ −0.50% | ▲ +4.45% | $241.28 (−0.83%) |
US Market Status
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