Abhay Parasnis - 24 Oct 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 Oct 2021
Net transactions value
-$447,288
Form type
4
Filing time
26 Oct 2021, 17:12:07 UTC
Previous filing
27 Jul 2021
Next filing
26 Jan 2022
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 +2.4% $0.000000 33,012 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability $246,491 -383 -1.2% $643.58 32,629 24 Oct 2021 Direct F1
transaction ADBE Common Stock Options Exercise $0 +630 +1.9% $0.000000 33,259 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability $200,797 -312 -0.94% $643.58 32,947 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.