Summary by Moomoo AI
On April 17, 2024, Frank Calderoni, associated with Adobe Inc. [ADBE], completed a transaction to acquire 836 shares of common stock at no cost. This transaction was categorized as an exercise or conversion of derivative security, which is typically related to options or warrants being converted into stock. Following this acquisition, Calderoni's direct holdings in Adobe common stock increased to a total of 31,184 shares. The transaction did not involve any sales, and the shares were acquired directly by Calderoni.