⚡ ADBE CEO sells $18.3M stock. Earnings in 8 days.
Published May 1, 2026
We read 427 filings today. Here are the ones worth your time.
213 Form 4214 8-K2 Buys51 Sells
Adobe's CEO just sold $18.3 million worth of stock. That's Shantanu Narayen unloading shares while ADBE trades near all-time highs.
Two insiders went the other way: GEHC's Jimenez and Horizon Kinetics buying TPL. Meanwhile, CPT and HCA both filed material agreements, and PLD hit an 8-K for a new financial obligation. Out of 427 filings this week, 51 were sells and exactly 2 were buys.
Adobe's CEO sold $18.3M this week. Discretionary, not pre-planned. He moved 17.3% of his position while ADBE sits 42% off its 52-week high of $423, now at $246. The stock is flat for the year, stuck in a range it hasn't broken since October. Here's the conflict. Adobe just announced a buyback program worth up to 25% of its market cap, one of the three largest repurchase plans currently active.
The company is buying shares. The CEO is selling them. Same week. He hasn't filed a 10b5-1 plan, which means he's making these calls in real time. When the person running the company that's spending billions on buybacks chooses to exit 17% of his stake, that's not scheduling. That's a decision.
Board member Frank Jimenez put $106K into GEHC at $61, just above the 52-week low of $59. Discretionary buy as the stock sits flat for the year after a 32% drop from its peak. Small position add at 1.8% of his holdings, but the timing puts him within 2% of the bottom.
Horizon Kinetics just added $436 to their TPL position ahead of earnings next week. The firm has bought 34 times in two years without a single sale, making this less a trade and more devotion. TPL sits 20% off its 52-week high while the S&P is flat on the year.
TPL $439.03 . 52w: $269-$547 . +0% YTD
THE TAPE
TXN
VP Mohammad Yunus exercises options in $8.3M of TXN
PLD
Irving Lyons trades $6.2M of PLD
KEY
Of Bank sells $5.5M of KEY
UNP
Kenyatta Rocker exercises options in $4.8M of UNP
V
CEO Ryan Mcinerney exercises options in $3.5M of V
Camden Property Trust amended its $1.5B credit facility, extending the maturity to 2030 with two one-year extension options. The REIT added JPMorgan and Truist as new lenders while maintaining favorable pricing tied to sustainability metrics. With shares flat for the year and trading mid-range, the credit upgrade gives Camden firepower for multifamily acquisitions without tapping equity at current valuations.
HCA Healthcare closed a $2.5B term loan at SOFR plus 87.5 basis points to refinance existing debt and fund general corporate purposes. The pricing reflects the hospital giant's investment-grade credit profile even as it carries $42B in total debt. With shares near 52-week lows and trading flat this year, the company is keeping powder dry for capital deployment while hospital utilization trends remain choppy.
Prologis issued $1.25 billion in senior notes across two tranches, pricing a $750 million 10-year at 4.875% and a $500 million 30-year at 5.45%. The warehouse REIT is tapping debt markets near its 52-week high while its stock trades flat on the year. The capital likely funds acquisitions in its core logistics properties as e-commerce demand keeps industrial real estate tight.