Adobe Inc – (ADBE, +N, September 28th)
David Ricks (Non Executive since 2018) purchased $337,000 of stock on the 27th September at $280.56, increasing his holding by 30%. His only previous trades in the company were both for less than $20,000. He is the Chair and CEO of Eli Lilly and the absolute cost of the trade is unlikely to be material for him, however he has been an extremely rare buyer across his roles. His only buy at Eli Lilly was for $500,000 in October 2019 (which was very well timed) despite being in the role since 2012 and he didn’t make a purchase at Elanco Health where he was a Non-Executive. There is no requirement for directors to buy shares to meet ownership requirements.
Daniel Durn (CFO since 2021) purchased $936,000 of stock on 22nd September in his first trade in the stock which was a notable large first purchase.
We are ranking the stock +N