Belsky Scott - 24 Jan 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$3,016,136
Form type
4
Filing time
26 Jan 2023, 15:59:53 UTC
Previous filing
28 Mar 2024
Next filing
18 Apr 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 +774 +3.2% $0.000000 24,991 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $1,195,969 -3,310 -13% $361.32 21,681 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +630 +2.9% $0.000000 22,311 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $118,152 -327 -1.5% $361.32 21,984 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +6,356 +29% $0.000000 28,340 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $91,414 -253 -0.89% $361.32 28,087 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.7% $0.000000 28,556 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $93,582 -259 -0.91% $361.32 28,297 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +2,424 +8.6% $0.000000 30,721 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $484,169 -1,340 -4.4% $361.32 29,381 24 Jan 2023 Direct F1
transaction ADBE Common Stock Sale $1,032,851 -2,906 -9.9% $355.42 26,475 25 Jan 2023 Direct 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 Performance Shares Options Exercise $0 -6,356 -100% $0.000000* 0 24 Jan 2023 Common Stock 6,356 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -774 -100% $0.000000* 0 24 Jan 2023 Common Stock 774 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -630 -20% $0.000000 2,523 24 Jan 2023 Common Stock 630 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -11% $0.000000 3,753 24 Jan 2023 Common Stock 469 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -2,424 -25% $0.000000 7,270 24 Jan 2023 Common Stock 2,424 $0.000000 Direct F7
transaction ADBE Performance Shares Award $0 +31,866 $0.000000 31,866 24 Jan 2023 Common Stock 31,866 $0.000000 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +15,933 $0.000000 15,933 24 Jan 2023 Common Stock 15,933 $0.000000 Direct F10
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 22, 2021.
F3 The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.
F4 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F7 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F8 Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F9 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F10 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.