Gloria Chen - Jul 23, 2021 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, Chief People Officer
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jul 23, 2021
Transactions value $
-$204,029
Form type
4
Date filed
7/27/2021, 05:10 PM
Previous filing
Jun 28, 2021
Next filing
Aug 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Sale -$26.9K -43 -0.37% $625.76 11.6K Jul 23, 2021 Direct F1, F2
transaction ADBE Common Stock Options Exercise $0 +258 +2.23% $0.00 11.8K Jul 24, 2021 Direct
transaction ADBE Common Stock Tax liability -$79.5K -127 -1.07% $625.87 11.7K Jul 24, 2021 Direct F3
transaction ADBE Common Stock Options Exercise $0 +315 +2.69% $0.00 12K Jul 24, 2021 Direct
transaction ADBE Common Stock Tax liability -$97.6K -156 -1.3% $625.87 11.9K Jul 24, 2021 Direct F3
holding ADBE Common Stock 667 Jul 23, 2021 Trust F4

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 -258 -14.29% $0.00 1.55K Jul 24, 2021 Common Stock 258 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -315 -9.08% $0.00 3.15K Jul 24, 2021 Common Stock 315 $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person December 22, 2020.
F2 Includes 51.5102 shares acquired on June 30, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
F3 Shares surrendered to pay tax liability due at vesting.
F4 Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
F5 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.