Dana Rao - Jul 24, 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
Jul 24, 2021
Transactions value $
-$299,166
Form type
4
Date filed
7/27/2021, 05:13 PM
Previous filing
Jun 22, 2021
Next filing
Jul 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +516 +3.54% $0.00 15.1K Jul 24, 2021 Direct F1
transaction ADBE Common Stock Tax liability -$160K -255 -1.69% $625.87 14.8K Jul 24, 2021 Direct F2
transaction ADBE Common Stock Options Exercise $0 +450 +3.03% $0.00 15.3K Jul 24, 2021 Direct
transaction ADBE Common Stock Tax liability -$140K -223 -1.46% $625.87 15.1K Jul 24, 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 -516 -14.29% $0.00 3.09K Jul 24, 2021 Common Stock 516 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -450 -9.08% $0.00 4.51K Jul 24, 2021 Common Stock 450 $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 51.5102 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.