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Adobe | 4: Statement of changes in beneficial ownership of securities-Officer Rao Dana

SEC announcement ·  Apr 26 07:25
Summary by Futu AI
On April 24, 2024, Dana Rao, EVP, Gen. Counsel & Secretary of Adobe Inc. (ADBE), completed a stock transaction involving the company's common stock. Rao acquired a total of 793 shares at no cost, which is typically indicative of the exercise or conversion of derivative securities. On the same day, Rao disposed of 392 shares at a price of $477.12 per share, a transaction often associated with the payment of exercise price or tax liability by delivering or withholding securities. Following these transactions, Rao's direct holdings in Adobe common stock amounted to 24,305.2214 shares. The total market value of the disposed shares was calculated to be approximately $187,031.04.
On April 24, 2024, Dana Rao, EVP, Gen. Counsel & Secretary of Adobe Inc. (ADBE), completed a stock transaction involving the company's common stock. Rao acquired a total of 793 shares at no cost, which is typically indicative of the exercise or conversion of derivative securities. On the same day, Rao disposed of 392 shares at a price of $477.12 per share, a transaction often associated with the payment of exercise price or tax liability by delivering or withholding securities. Following these transactions, Rao's direct holdings in Adobe common stock amounted to 24,305.2214 shares. The total market value of the disposed shares was calculated to be approximately $187,031.04.
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