Ann Lewnes - 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 $
-$5,078,348
Form type
4
Date filed
1/26/2022, 04:12 PM
Previous filing
Oct 26, 2021
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +16.5K +64.11% $0.00 42.1K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability $0 -7.96K -18.9% $0.00 34.2K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +613 +1.79% $0.00 34.8K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability $0 -223 -0.64% $0.00 34.6K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +541 +1.57% $0.00 35.1K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability $0 -268 -0.76% $0.00 34.8K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.68K +4.81% $0.00 36.5K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability $0 -830 -2.27% $0.00 35.7K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Sale -$70.5K -140 -0.39% $503.92 35.5K Jan 25, 2022 Direct F2, F3
transaction ADBE Common Stock Sale -$393K -778 -2.19% $504.92 34.8K Jan 25, 2022 Direct F2, F4
transaction ADBE Common Stock Sale -$1.36M -2.69K -7.74% $506.08 32.1K Jan 25, 2022 Direct F2, F5
transaction ADBE Common Stock Sale -$1.16M -2.29K -7.14% $507.06 29.8K Jan 25, 2022 Direct F2, F6
transaction ADBE Common Stock Sale -$897K -1.77K -5.93% $508.09 28K Jan 25, 2022 Direct F2, F7
transaction ADBE Common Stock Sale -$326K -640 -2.28% $509.24 27.4K Jan 25, 2022 Direct F2, F8
transaction ADBE Common Stock Sale -$306K -600 -2.19% $510.41 26.8K Jan 25, 2022 Direct F2, F9
transaction ADBE Common Stock Sale -$358K -700 -2.61% $511.20 26.1K Jan 25, 2022 Direct F2, F10
transaction ADBE Common Stock Sale -$51.2K -100 -0.38% $511.96 26K Jan 25, 2022 Direct F2
transaction ADBE Common Stock Sale -$154K -300 -1.16% $513.21 25.7K Jan 25, 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 -16.5K -100% $0.00* 0 Jan 24, 2022 Common Stock 16.5K $0.00 Direct F12
transaction ADBE Restricted Stock Units Options Exercise $0 -613 -20.02% $0.00 2.45K Jan 24, 2022 Common Stock 613 $0.00 Direct F13
transaction ADBE Restricted Stock Units Options Exercise $0 -541 -11.12% $0.00 4.32K Jan 24, 2022 Common Stock 541 $0.00 Direct F14
transaction ADBE Restricted Stock Units Options Exercise $0 -1.68K -25.01% $0.00 5.03K Jan 24, 2022 Common Stock 1.68K $0.00 Direct F15
transaction ADBE Performance Shares Award $0 +13.6K $0.00 13.6K Jan 24, 2022 Common Stock 13.6K $0.00 Direct F16, F17
transaction ADBE Restricted Stock Units Award $0 +6.79K $0.00 6.79K Jan 24, 2022 Common Stock 6.79K $0.00 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.