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

Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
18 Jun 2021
Net transactions value
-$3,169,908
Form type
4
Filing time
22 Jun 2021, 16:25:23 UTC
Next filing
27 Jul 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +5,617 +39% $0.000000 20,144 18 Jun 2021 Direct
transaction ADBE Common Stock Tax liability $1,574,603 -2,784 -14% $565.59 17,360 18 Jun 2021 Direct F1
transaction ADBE Common Stock Sale $280,614 -500 -2.9% $561.23 16,860 21 Jun 2021 Direct F2, F3
transaction ADBE Common Stock Sale $562,247 -1,000 -5.9% $562.25 15,860 21 Jun 2021 Direct F2, F4
transaction ADBE Common Stock Sale $502,658 -891 -5.6% $564.15 14,969 21 Jun 2021 Direct F2, F5
transaction ADBE Common Stock Sale $249,786 -442 -3% $565.13 14,527 21 Jun 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 -5,617 -100% $0.000000* 0 18 Jun 2021 Common Stock 5,617 $0.000000 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.