Anil Chakravarthy - 09 Jan 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role: President, DX
Signature: /s/ Allison Blais, as attorney-in-fact
Issuer symbol: ADBE
Transactions as of: 09 Jan 2023
Net transactions value: -$1,876,102
Form type: 4
Filing time: 10 Jan 2023, 15:33:02 UTC
Previous filing: 26 Oct 2022
Next filing: 26 Jan 2023
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	+11,019	+82%	$0.000000	24,405	09 Jan 2023	Direct
transaction	ADBE	Common Stock	Tax liability	$1,876,102	-5,486	-22%	$341.98	18,919	09 Jan 2023	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	-11,019	-100%	$0.000000^*	0	09 Jan 2023	Common Stock	11,019	$0.000000	Direct	F2

* 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 at a rate of 1/3 annually on the first, second, and third anniversaries of the January 9, 2019 vesting commencement date; in the event that, within one year of the vesting commencement date, the reporting person is terminated without Cause or if the reporting person terminates service for Good Reason, 16,528 restricted stock units will become vested.