NARAYEN SHANTANU sold ~$13M in ADOBE SYSTEMS INC stock
ADOBE SYSTEMS INC (ADBE) · Chair and CEO · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
Trade Details · Public SEC Filing
Insider
NARAYEN SHANTANU
Role
Chair and CEO
Transaction
Open-Market Sale
Approx. Value
~$13M
Trade Date
Apr 28, 2026
Company
ADOBE SYSTEMS INC
Ticker
ADBESource
SEC EDGAR Form 4
Why This Trade Stands Out
Very Strong conviction signal
Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.
~$13M sale
Trades over $1M are rare. When insiders put this much of their own money on the line, they tend to have high conviction in their company's direction.
Chair and CEO
CEOs have the deepest knowledge of company operations. Academic research shows CEO purchases outperform other insider trades by a wide margin.
How good is NARAYEN SHANTANU at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
On April 28, 2026, NARAYEN SHANTANU — Chair and CEO of ADOBE SYSTEMS INC — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$13M in ADOBE SYSTEMS INC (ADBE) stock.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More ADBE Insider Activity
Ricks David A
Jun 25, 2026
~$1.9M
VS
Ricks David A
Jun 25, 2026
~$7.8M
VS
NARAYEN SHANTANU
Apr 30, 2026
~$38M
STRONG
NARAYEN SHANTANU
Apr 30, 2026
~$37M
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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