Dana Rao - Jun 18, 2021 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jun 18, 2021
Transactions value $
-$3,169,908
Form type
4
Date filed
6/22/2021, 04:25 PM
Next filing
Jul 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +5.62K +38.67% $0.00 20.1K Jun 18, 2021 Direct
transaction ADBE Common Stock Tax liability -$1.57M -2.78K -13.82% $565.59 17.4K Jun 18, 2021 Direct F1
transaction ADBE Common Stock Sale -$281K -500 -2.88% $561.23 16.9K Jun 21, 2021 Direct F2, F3
transaction ADBE Common Stock Sale -$562K -1K -5.93% $562.25 15.9K Jun 21, 2021 Direct F2, F4
transaction ADBE Common Stock Sale -$503K -891 -5.62% $564.15 15K Jun 21, 2021 Direct F2, F5
transaction ADBE Common Stock Sale -$250K -442 -2.95% $565.13 14.5K Jun 21, 2021 Direct F2, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADBE Restricted Stock Units Options Exercise $0 -5.62K -100% $0.00* 0 Jun 18, 2021 Common Stock 5.62K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person February 5, 2021.
F3 This transaction was executed in multiple trades at prices ranging from $560.76 to $561.60. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F4 This transaction was executed in multiple trades at prices ranging from $561.85 to $562.69. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F5 This transaction was executed in multiple trades at prices ranging from $563.59 to $564.39. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F6 This transaction was executed in multiple trades at prices ranging from $565.02 to $565.31. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F7 Vests at a rate of 1/3 annually of the first, second and third anniversaries of the June 18, 2018 vesting commencement date.