David Wadhwani - Dec 14, 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Dec 14, 2022
Transactions value $
-$325,643
Form type
4
Date filed
12/15/2022, 06:39 PM
Previous filing
Sep 16, 2022
Next filing
Jan 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +1.93K +37.72% $0.00 7.06K Dec 14, 2022 Direct
transaction ADBE Common Stock Tax liability -$326K -958 -13.58% $339.92 6.1K Dec 14, 2022 Direct F1
holding ADBE Common Stock 355 Dec 14, 2022 By Trust F2

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 -1.93K -9.09% $0.00 19.3K Dec 14, 2022 Common Stock 1.93K $0.00 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 Shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee.
F3 Vests 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.