Ann Lewnes - 24 Jan 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2022
Net transactions value
-$5,078,348
Form type
4
Filing time
26 Jan 2022, 16:12:50 UTC
Previous filing
26 Oct 2021
Next filing
26 Apr 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +16,458 +64% $0.000000 42,130 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $0 -7,963 -19% $0.000000 34,167 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +613 +1.8% $0.000000 34,780 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $0 -223 -0.64% $0.000000 34,557 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +541 +1.6% $0.000000 35,098 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $0 -268 -0.76% $0.000000 34,830 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,676 +4.8% $0.000000 36,506 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $0 -830 -2.3% $0.000000 35,676 24 Jan 2022 Direct F1
transaction ADBE Common Stock Sale $70,549 -140 -0.39% $503.92 35,536 25 Jan 2022 Direct F2, F3
transaction ADBE Common Stock Sale $392,826 -778 -2.2% $504.92 34,758 25 Jan 2022 Direct F2, F4
transaction ADBE Common Stock Sale $1,361,861 -2,691 -7.7% $506.08 32,067 25 Jan 2022 Direct F2, F5
transaction ADBE Common Stock Sale $1,161,172 -2,290 -7.1% $507.06 29,777 25 Jan 2022 Direct F2, F6
transaction ADBE Common Stock Sale $896,781 -1,765 -5.9% $508.09 28,012 25 Jan 2022 Direct F2, F7
transaction ADBE Common Stock Sale $325,915 -640 -2.3% $509.24 27,372 25 Jan 2022 Direct F2, F8
transaction ADBE Common Stock Sale $306,246 -600 -2.2% $510.41 26,772 25 Jan 2022 Direct F2, F9
transaction ADBE Common Stock Sale $357,840 -700 -2.6% $511.20 26,072 25 Jan 2022 Direct F2, F10
transaction ADBE Common Stock Sale $51,196 -100 -0.38% $511.96 25,972 25 Jan 2022 Direct F2
transaction ADBE Common Stock Sale $153,962 -300 -1.2% $513.21 25,672 25 Jan 2022 Direct F2, F11

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 -16,458 -100% $0.000000* 0 24 Jan 2022 Common Stock 16,458 $0.000000 Direct F12
transaction ADBE Restricted Stock Units Options Exercise $0 -613 -20% $0.000000 2,449 24 Jan 2022 Common Stock 613 $0.000000 Direct F13
transaction ADBE Restricted Stock Units Options Exercise $0 -541 -11% $0.000000 4,324 24 Jan 2022 Common Stock 541 $0.000000 Direct F14
transaction ADBE Restricted Stock Units Options Exercise $0 -1,676 -25% $0.000000 5,026 24 Jan 2022 Common Stock 1,676 $0.000000 Direct F15
transaction ADBE Performance Shares Award $0 +13,572 $0.000000 13,572 24 Jan 2022 Common Stock 13,572 $0.000000 Direct F16, F17
transaction ADBE Restricted Stock Units Award $0 +6,786 $0.000000 6,786 24 Jan 2022 Common Stock 6,786 $0.000000 Direct F18
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 30, 2021.
F3 This transaction was executed in multiple trades at prices ranging from $503.39 to $504.35. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F4 This transaction was executed in multiple trades at prices ranging from $504.44 to $505.43. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F5 This transaction was executed in multiple trades at prices ranging from $505.47 to $506.4. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F6 This transaction was executed in multiple trades at prices ranging from $506.53 to $507.5. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F7 This transaction was executed in multiple trades at prices ranging from $507.72 to $508.7. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F8 This transaction was executed in multiple trades at prices ranging from $508.755 to $509.61. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F9 This transaction was executed in multiple trades at prices ranging from $509.85 to $510.72. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F10 This transaction was executed in multiple trades at prices ranging from $510.96 to $511.5. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F11 This transaction was executed in multiple trades at prices ranging from $513.09 to $513.36. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F12 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.
F13 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F14 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F15 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F16 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.
F17 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.
F18 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.