Summary by Moomoo AI
Adobe Inc. has announced that the Narayen Family Trust, associated with an officer of the company, is set to sell 25,000 shares of Adobe common stock. The planned sale, with an aggregate market value of approximately $13,039,400, is scheduled for 09/25/2024. These shares were originally acquired by the trust from the issuer on 07/15/2024 as Restricted Stock Units (RSUs) and were paid for in cash. This transaction follows a previous sale by the trust of an identical amount of shares on 06/27/2024, from which the trust grossed over $13.6 million.