Scott Belsky - Jan 24, 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$6,771,170
Form type
4
Date filed
1/26/2022, 04:11 PM
Previous filing
Dec 21, 2021
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +20.8K +96.71% $0.00 42.3K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$5.88M -11.3K -26.78% $519.66 31K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +774 +2.5% $0.00 31.7K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$167K -321 -1.01% $519.66 31.4K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +2.01% $0.00 32K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$181K -348 -1.09% $519.66 31.7K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.88K +5.92% $0.00 33.6K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$539K -1.04K -3.09% $519.66 32.5K Jan 24, 2022 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 Performance Shares Options Exercise $0 -20.8K -100% $0.00* 0 Jan 24, 2022 Common Stock 20.8K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -774 -20.01% $0.00 3.09K Jan 24, 2022 Common Stock 774 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -11.12% $0.00 5.05K Jan 24, 2022 Common Stock 631 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1.88K -25.01% $0.00 5.63K Jan 24, 2022 Common Stock 1.88K $0.00 Direct F5
transaction ADBE Performance Shares Award $0 +19.4K $0.00 19.4K Jan 24, 2022 Common Stock 19.4K $0.00 Direct F6, F7
transaction ADBE Restricted Stock Units Award $0 +9.69K $0.00 9.69K Jan 24, 2022 Common Stock 9.69K $0.00 Direct F8
* 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 The Performance Shares vested in full upon the certification of performance goal achievement at 168% following the three-year anniversary of the January 24, 2019 vesting commencement date.
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.
F5 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6 Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F7 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.
F8 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.