Mark S. Garfield - 24 Oct 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP, CAO & Corp. Controller
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Oct 2022
Net transactions value
-$20,871
Form type
4
Filing time
26 Oct 2022, 17:48:00 UTC
Previous filing
20 Sep 2022
Next filing
06 Dec 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 +36 +1.4% $0.000000 2,632 24 Oct 2022 Direct
transaction ADBE Common Stock Tax liability $5,376 -17 -0.65% $316.22 2,615 24 Oct 2022 Direct F1
transaction ADBE Common Stock Options Exercise $0 +100 +3.8% $0.000000 2,715 24 Oct 2022 Direct
transaction ADBE Common Stock Tax liability $15,495 -49 -1.8% $316.22 2,666 24 Oct 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 Restricted Stock Units Options Exercise $0 -36 -17% $0.000000 180 24 Oct 2022 Common Stock 36 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -100 -10% $0.000000 905 24 Oct 2022 Common Stock 100 $0.000000 Direct F3
* 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 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.