Abhay Parasnis - 24 Jan 2022 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 Jan 2022
Net transactions value
-$6,056,637
Form type
4
Filing time
26 Jan 2022, 16:13:18 UTC
Previous filing
26 Oct 2021
Next filing
29 Mar 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 +20,790 +63% $0.000000 53,737 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $5,266,754 -10,135 -19% $519.66 43,602 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +774 +1.8% $0.000000 44,376 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $144,465 -278 -0.63% $519.66 44,098 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +1.4% $0.000000 44,729 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $162,134 -312 -0.7% $519.66 44,417 24 Jan 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,877 +4.2% $0.000000 46,294 24 Jan 2022 Direct
transaction ADBE Common Stock Tax liability $483,284 -930 -2% $519.66 45,364 24 Jan 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 -20,790 -100% $0.000000* 0 24 Jan 2022 Common Stock 20,790 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -774 -20% $0.000000 3,094 24 Jan 2022 Common Stock 774 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -11% $0.000000 5,045 24 Jan 2022 Common Stock 631 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,877 -25% $0.000000 5,629 24 Jan 2022 Common Stock 1,877 $0.000000 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.