Adobe CEO Shantanu Narayen sells $31.3m in shares
Adobe Inc.'s CEO Shantanu Narayen, the Chair and Chief Executive Officer, sold 125,000 shares of the company’s common stock on September 16 and 17, 2026. The transactions took place across multiple dates, with the shares valued at prices between $246.0861 and $253.6366. According to the company's filing, Narayen sold these shares primarily for tax and estate planning reasons.
The report revealed that these sales contributed to a net worth of approximately $31,344,876. Although Adobe's stock price has declined by 29% so far this year, an analysis by InvestingPro indicates that the stock appears to be undervalued at its current level. Despite Narayen's personal share sales, it's noteworthy that Adobe's management has been actively buying back shares, which could potentially boost the company’s value in the long run.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
