Belsky Scott - 24 Oct 2021 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Oct 2021
Net transactions value
-$517,438
Form type
4
Filing time
26 Oct 2021, 17:10:18 UTC
Previous filing
27 Sep 2021
Next filing
21 Dec 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 +3.3% $0.000000 24,421 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability $285,106 -443 -1.8% $643.58 23,978 24 Oct 2021 Direct F1
transaction ADBE Common Stock Options Exercise $0 +630 +2.6% $0.000000 24,608 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability $232,332 -361 -1.5% $643.58 24,247 24 Oct 2021 Direct F1

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 -17% $0.000000 3,868 24 Oct 2021 Common Stock 773 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -630 -10% $0.000000 5,676 24 Oct 2021 Common Stock 630 $0.000000 Direct F3
* 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 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.