undamentalytics Newsletter

Adobe Inc. insider trading

Every open-market purchase and sale by Adobe Inc.'s officers, directors and largest shareholders since November 4, 2021, and what the share price did next.

Insider purchase Insider sale Marker size reflects trade value. Weekly closes adjusted for splits; may be delayed.
Adobe Inc. insider open-market trades
DateInsiderTrade SharesPriceValue 1M after 3M after 6M after

From insiders' Form 4 filings with the SEC: open-market purchases and sales only (awards, option exercises and shares withheld for tax are excluded), combined to one line per insider per day. "Plan" marks trades the filing says were made under a pre-set Rule 10b5-1 trading plan, which are scheduled in advance. Price changes run from the close on the trade date; hover a figure for the change relative to the S&P 500. Past moves don't predict future ones.

Does following Adobe Inc.’s insiders pay?

From January 5, 2010 to September 18, 2026, 37 insiders reported 13 open-market purchases and 266 sales not made under a pre-set plan in Adobe Inc. Twelve months after each purchase was reported, the shares were +7.6% against the S&P 500 on average (median +13.5%), over 12 purchases with a full year of prices; 58% beat the index. After sales, the shares moved +15.5% against the index over 12 months (a negative figure means selling was the right call). That rests on fewer than 20 purchases, too few to read much into. Buying each purchase the day after it was reported, an equal amount each, held 12 months or until that insider reported a sale, would have turned $10,000 on January 18, 2013 into $33,132 by November 2, 2026, +9.1% a year. It held shares 57% of the time; the S&P 500 on those same days, with Treasury bills otherwise, made $23,984 (+6.6% a year), and held throughout $64,380 (+14.5%).

$0$20.0k$40.0k$60.0k 2013201520172019202120232025 $64.4k$33.1k$24.0k
Copying Adobe Inc.'s insidersS&P 500, same days investedS&P 500, held throughout $10,000 copying every open-market purchase by Adobe Inc.'s insiders from January 18, 2013, before costs and taxes, marked weekly. Uninvested money earns the Treasury bill rate; the portfolio held shares 57% of the time.
Adobe Inc.: each insider's record
InsiderRolePurchases12 months after their purchasesBeat the S&P 500Sales12 months after their salesLatest report
Warnock John E Director 0 — — 52 +16.1% (52) June 23, 2023
Rowley Richard VP, Corp. Controller & CAO 0 — — 19 +23.8% (19) January 6, 2017
Wadhwani David President, Digital Media 0 — — 19 +13.8% (19) January 4, 2024
Daley James E Director 0 — — 18 +20.7% (18) January 23, 2017
Rencher Bradley EVP & GM, Experience Cloud 0 — — 18 +23.2% (18) January 31, 2019
Geschke Charles M Director 0 — — 13 +30.2% (13) January 7, 2020
Thompson Matthew EVP WW Field Operations 0 — — 13 +18.5% (13) March 17, 2020
Narayen Shantanu Chair and CEO 0 — — 12 −11.4% (10) September 18, 2026
Morris Donna EVP, CHRO, Employee Experience 0 — — 10 +26.1% (10) January 28, 2020
Rao Dana EVP, Gen. Counsel & Secretary 0 — — 10 +2.7% (10) June 20, 2024
Burgess Robert K Director 0 — — 6 +15.5% (6) December 29, 2017
Durn Daniel EVP & CFO 2 +3.5% (2) 50% 4 −50.8% (2) April 22, 2026
Forusz Jillian SVP & CAO 0 — — 6 −55.9% (3) July 31, 2026
Lamkin Bryan EVP & GM, Digital Media 0 — — 6 +29.1% (6) January 31, 2019
Sedgewick Robert Director 0 — — 6 +12.3% (6) October 23, 2015
Banse Amy Director 4 +17.3% (4) 75% 1 −1.1% (1) June 22, 2023
Cottle Karen O SVP, Gen. Counsel & Secretary 0 — — 5 +3.7% (5) July 5, 2012
Lynch Kevin M CTO, EVP Experience&Technology 0 — — 5 +15.9% (5) March 25, 2013
Ricks David A Director 5 +7.4% (4) 50% 0 — June 26, 2026
Va Partners I, LLC Director 0 — — 5 +18.6% (5) March 31, 2016
Barnholt Edward W Director 0 — — 4 +19.1% (4) July 11, 2016
Belsky Scott EVP, CPO, Creative Cloud 0 — — 4 +12.3% (4) October 26, 2022
Parasnis Abhay EVP & CTO 0 — — 4 +25.7% (4) January 28, 2020
Valueact Holdings, L.P. Director 1 +5.9% (1) 100% 3 +10.9% (3) July 16, 2015
Cannon Michael R Director 0 — — 3 +6.7% (3) July 2, 2014
Dillon Michael A EVP, Gen. Counsel & Secretary 0 — — 3 +25.4% (3) January 27, 2017
Rosensweig Daniel Director 0 — — 3 +37.0% (3) June 30, 2017
Valueact Holdings Gp, LLC Director 0 — — 3 +20.7% (3) February 2, 2016
Garrett Mark EVP, CFO & Asst. Secretary 0 — — 2 +28.1% (2) March 28, 2013
Tarkoff Robert M SVP&GM, DESBU 0 — — 2 −7.0% (2) March 28, 2011
Valueact Capital Management, L.P. Director 0 — — 2 +12.8% (2) June 30, 2015
Desmond Laura Director 1 −20.9% (1) 0% 0 — January 10, 2022
Garfield Mark S. SVP, CAO & Corp. Controller 0 — — 1 +18.9% (1) July 26, 2022
Gupta Naresh SVP, Print & Publishing 0 — — 1 +3.9% (1) January 31, 2014
Lewnes Ann SVP, Chief Marketing Officer 0 — — 1 +6.4% (1) January 28, 2014
Mills Carol Director 0 — — 1 −21.0% (1) April 27, 2010
Valueact Capital Master Fund, L.P. Director 0 — — 1 +7.0% (1) July 31, 2014

Moves are the shares’ return including dividends minus the S&P 500’s, from the close on the first trading day after each report; the number of trades with a finished 12-month window is in brackets. Green means the trade went the insider’s way (a purchase ahead of the index, a sale followed by the shares trailing it). A trade reported both by a director or officer and by a fund or company they are linked to counts once here, under the person. Purchases count only where the share price actually traded was at least $5. These figures describe what the shares did, not why anyone traded. Insiders across all companies.

When several insiders traded Adobe Inc.

Months when 2 or more insiders became net buyers, or 3 or more net sellers, of Adobe Inc. in reports dated in the 91 days before the month end, and how the stock did against the S&P 500 from that month end. After the 2 buying crowds with six months of prices, it averaged −2.8% against the index. After 20 selling crowds, +5.2%. One company's history is too short to judge by; the test across every company is the better guide.

MonthCrowd3 months on, vs S&P 5006 months12 months
May 29, 20263 selling+10.5%not yetnot yet
March 31, 20252 buying−8.5%−27.8%−55.5%
November 29, 20243 selling−9.6%−19.3%−51.5%
January 31, 20243 selling−28.0%−24.7%−54.4%
June 30, 20233 selling+7.5%+14.0%−9.5%
December 30, 20223 selling+5.1%+28.0%+45.5%
September 30, 20222 buying+14.7%+22.1%+64.3%
April 29, 20223 selling+3.7%−13.0%−8.3%
April 30, 20213 selling+16.9%+15.2%−22.1%
June 30, 20203 selling+4.2%−6.1%−6.4%
January 31, 20205 selling+9.5%+24.0%+14.7%
August 30, 20193 selling+0.8%+18.8%+58.6%

Colours show whether the crowd was right: green when buyers were followed by a rise above the index, or sellers by a fall below it. Latest 12 of 23. Total returns from the month end; past patterns are not a forecast.

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