CEO of Eli Lilly Buys Adobe Shares - Insider Weekends

Adobe Inc. (ADBE): $437.45

Market Cap: $190.43B

Enterprise Value: $188.87B

Founded in 1982, Adobe (ADBE) is one of the world’s largest software companies. Adobe offers a wide range of tools and programs including flagship products such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, and Adobe Acrobat that allow users to create content ranging from graphics, multimedia and videos, web design, animation, and more. I personally have been using Adobe’s products for years and genuinely believe they are some of the best in the business. While there’s a steeper learning curve, all of Adobe’s programs have incredible capabilities and are used by industry professionals and the general public alike.

A brief overview of some of Adobe’s key products and innovations in those product spheres throughout 2024

Insider Purchase by Eli Lilly CEO David Ricks

What drew our attention to Adobe this week was a very interesting purchase by Director David A. Ricks, who also happens to be the CEO and Chairman of the pharmaceutical giant Eli Lilly (LLY). Mr. Ricks has spent nearly 30 years at Eli Lilly, working his way up from Business Development Associate to assuming the roles of both CEO and Chairman in 2017. He joined Adobe’s board in April 2018, marking 2025 as his seventh year at the company.

Why did this purchase stick out to us? Normally, we like to see insider buying from insiders with deep industry experience – and while Mr. Rick certainly has exceptional business experience leading a company such as Eli Lilly, his experience is in the pharmaceutical industry as compared to the software sphere. Nevertheless, Mr. Rick’s purchase of Adobe was fascinating due to his exceptional timing of insider purchases in the past.