Abhay Parasnis - 24 Jul 2021 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CTO, Document Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jul 2021
Net transactions value
-$434,980
Form type
4
Filing time
27 Jul 2021, 17:12:52 UTC
Previous filing
23 Jun 2021
Next filing
26 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +773 +2.5% $0.000000 32,303 24 Jul 2021 Direct F1
transaction ADBE Common Stock Tax liability $239,708 -383 -1.2% $625.87 31,920 24 Jul 2021 Direct F2
transaction ADBE Common Stock Options Exercise $0 +631 +2% $0.000000 32,551 24 Jul 2021 Direct
transaction ADBE Common Stock Tax liability $195,271 -312 -0.96% $625.87 32,239 24 Jul 2021 Direct F2

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 -773 -14% $0.000000 4,641 24 Jul 2021 Common Stock 773 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -9.1% $0.000000 6,306 24 Jul 2021 Common Stock 631 $0.000000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 74.754 shares acquired on June 30, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
F2 Shares surrendered to pay tax liability due at vesting.
F3 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.