Adobe executive exercises RSUs, withholds shares for tax
Adobe Inc. President and CXO Anil Chakravarthy reported routine equity compensation activity tied to restricted stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Adobe Inc. President and CXO Anil Chakravarthy reported routine equity compensation activity tied to restricted stock units. On April 15, 2026, he exercised RSUs to acquire a total of 3,022 shares of Adobe common stock at a conversion price of $0.00 per share.
To cover tax obligations at vesting, he surrendered 1,496 shares back to the company at a value of $244.66 per share, classified as tax-withholding dispositions rather than open-market sales. Following these transactions, Chakravarthy directly held about 60,291.777 shares of Adobe common stock.
Insider Trade Summary
3,022 shares exercised/converted
Exercise
12 txns
Insider
Chakravarthy Anil
Role
President, CXO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 760 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 437 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 695 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,130 | $0.00 | $0.00 |
| Exercise | Common Stock | 760 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 376 | $244.66 | $92K |
| Exercise | Common Stock | 437 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 216 | $244.66 | $53K |
| Exercise | Common Stock | 695 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 344 | $244.66 | $84K |
| Exercise | Common Stock | 1,130 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 560 | $244.66 | $137K |
Holdings After Transaction:
Restricted Stock Units — 29,949 contracts (Direct);
Common Stock — 60,291.777 shares (Direct)
Footnotes (5)
- F1. Shares surrendered to pay tax liability due at vesting.
- F2. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
- F3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
- F4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
- F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSU shares exercised: 3,022 shares
Tax-withholding shares: 1,496 shares
Tax-withholding price: $244.66 per share
+3 more
6 metrics
RSU shares exercised
3,022 shares
Total underlying common shares from RSU exercises on April 15, 2026
Tax-withholding shares
1,496 shares
Shares surrendered to cover tax liability at vesting
Tax-withholding price
$244.66 per share
Value used for shares surrendered for taxes
Post-transaction holdings
60,291.777 shares
Direct Adobe common stock held after transactions
Derivative exercises
4 transactions, 3,022 shares
RSU exercises coded M on April 15, 2026
Tax-withholding dispositions
4 transactions, 1,496 shares
F-code dispositions to satisfy tax obligations
Key Terms
Restricted Stock Units, tax-withholding disposition, vesting commencement date, derivative exercise/conversion, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting commencement date financial
"Vests 6.25% quarterly from the vesting commencement date of January 15, 2023."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
President, CXO financial
"officer_title: "President, CXO""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Adobe (ADBE) executive Anil Chakravarthy report in this Form 4?
Anil Chakravarthy reported routine equity compensation activity. He exercised restricted stock units into 3,022 shares of Adobe common stock and used some shares to cover tax obligations, with no open-market buying or selling disclosed.
Were Anil Chakravarthy’s Form 4 transactions open-market trades in Adobe stock?
No, the filing shows no open-market purchases or sales. The transactions are RSU exercises coded “M” and tax-withholding dispositions coded “F,” reflecting equity compensation vesting and shares surrendered for taxes rather than discretionary market trading activity.
How do Anil Chakravarthy’s Adobe RSU awards vest over time?
Footnotes indicate several RSU grants vest 6.25% quarterly from vesting commencement dates of January 15 in 2023, 2024, 2025, and 2026. This structure spreads vesting over multiple quarters, aligning stock-based compensation with ongoing service and performance periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates