Adobe President Wadhwani Sells 1,498 Shares for Tax Withholding

David Wadhwani, President of C&P at Adobe Inc., sold 1,498 shares of common stock on July 15, 2026, for tax withholding purposes. This non-discretionary transaction is a common practice for executives to cover tax liabilities from restricted stock unit vesting. Despite the sale, Wadhwani retains a substantial equity position, indicating confidence in Adobe, which has shown 11% revenue growth in the first half of fiscal 2026 and a low P/E ratio, suggesting it remains attractive to investors even amidst a "SaaSpocalypse" trend affecting software stocks.