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

Role
EVP, CTO, Document Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$6,056,637
Form type
4
Date filed
1/26/2022, 04:13 PM
Previous filing
Oct 26, 2021
Next filing
Mar 29, 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 +63.1% $0.00 53.7K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$5.27M -10.1K -18.86% $519.66 43.6K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +774 +1.78% $0.00 44.4K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$144K -278 -0.63% $519.66 44.1K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +1.43% $0.00 44.7K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$162K -312 -0.7% $519.66 44.4K Jan 24, 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.88K +4.23% $0.00 46.3K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$483K -930 -2.01% $519.66 45.4K 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
* 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.