Adobe president exercises RSUs, withholds shares for tax
Adobe Inc. president David Wadhwani reported equity compensation activity dated July 15, 2026.
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Form Type
4
Rhea-AI Filing Summary
Adobe Inc. president David Wadhwani reported equity compensation activity dated July 15, 2026. He exercised 3,024 Restricted Stock Units into common stock and had 1,498 shares automatically surrendered at $224.56 per share to cover tax liabilities at vesting. He also reports 355 shares held indirectly through family trusts.
Insider Trade Summary
3,024 shares exercised/converted
Exercise
12 txns
Insider
Wadhwani David
Role
President, C&P
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4 | 761 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F5 | 437 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6 | 696 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F7 | 1,130 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 761 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 377 | $224.56 | $85K |
| Exercise | Common Stock | 437 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 216 | $224.56 | $49K |
| Exercise | Common Stock | 696 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 345 | $224.56 | $77K |
| Exercise | Common Stock | 1,130 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 560 | $224.56 | $126K |
| Holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 26,925 contracts (Direct);
Common Stock — 42,861.098 shares (Direct);
Common Stock — 355 shares (Indirect, By Trust)
Holdings Before and After:
Restricted Stock Units, 29,949 to 26,925 contracts (Direct);
Common Stock, 41,335.098 to 42,861.098 shares (Direct)
Footnotes (7)
- F1. Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended.
- F2. Shares surrendered to pay tax liability due at vesting.
- F3. All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.
- F4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
- F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
- F6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
- F7. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
Key Figures
RSU shares exercised: 3,024 shares
Shares withheld for taxes: 1,498 shares
Tax withholding price: $224.5600 per share
+3 more
6 metrics
RSU shares exercised
3,024 shares
Total common shares acquired via RSU conversion on July 15, 2026
Shares withheld for taxes
1,498 shares
Common shares surrendered to pay tax liability due at vesting
Tax withholding price
$224.5600 per share
Price per share for tax-withholding dispositions of common stock
Indirect trust holdings
355.0000 shares
Common shares held indirectly by Wadhwani family trusts
ESPP shares acquired
75.007 shares
Shares acquired June 30, 2026 under Adobe's 2020 Employee Stock Purchase Plan
RSUs remaining after one grant
15,826.0000 units
Restricted Stock Units remaining after conversion for grant vesting from January 15, 2026
Key Terms
Restricted Stock Units, tax liability, Employee Stock Purchase Plan, Family Trust
4 terms
Restricted Stock Units financial
"Vests 6.25% quarterly from the vesting commencement date of January 15, 2023."
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 liability financial
"Shares surrendered to pay tax liability due at vesting."
Employee Stock Purchase Plan financial
"acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Family Trust financial
"All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee,"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider stock activity did Adobe (ADBE) report for David Wadhwani?
Adobe reported that David Wadhwani exercised 3,024 Restricted Stock Units into common stock and surrendered 1,498 shares at $224.56 per share to pay tax liabilities on July 15, 2026. He also reports 355 shares held indirectly through family trusts.
What equity did David Wadhwani acquire in Adobe (ADBE) through RSUs?
Wadhwani acquired 3,024 common shares of Adobe through the exercise and conversion of Restricted Stock Units. The RSU grants vest at 6.25% quarterly from commencement dates ranging from January 15, 2023 to January 15, 2026, as described in multiple vesting footnotes.
Were David Wadhwani’s Adobe (ADBE) transactions under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5‑1 checkbox is not marked as affirmative, and no footnote states that these trades were made under a trading plan. The reported activity reflects equity vesting, RSU conversions and tax-withholding surrenders rather than open-market purchases or sales.
What vesting schedule applies to David Wadhwani’s Adobe (ADBE) RSUs?
The RSU awards involved vest at 6.25% quarterly from commencement dates of January 15, 2023, 2024, 2025, and 2026. Each grant’s vesting schedule is linked by footnote to the RSU conversions reported, indicating regular periodic vesting into common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
