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

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$3,016,136
Form type
4
Date filed
1/26/2023, 03:59 PM
Previous filing
Mar 28, 2024
Next filing
Apr 18, 2023

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% $0.00 25K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$1.2M -3.31K -13.24% $361.32 21.7K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +630 +2.91% $0.00 22.3K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$118K -327 -1.47% $361.32 22K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +6.36K +28.91% $0.00 28.3K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$91.4K -253 -0.89% $361.32 28.1K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.67% $0.00 28.6K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$93.6K -259 -0.91% $361.32 28.3K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +2.42K +8.57% $0.00 30.7K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$484K -1.34K -4.36% $361.32 29.4K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Sale -$1.03M -2.91K -9.89% $355.42 26.5K Jan 25, 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 -6.36K -100% $0.00* 0 Jan 24, 2023 Common Stock 6.36K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -774 -100% $0.00* 0 Jan 24, 2023 Common Stock 774 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -630 -19.98% $0.00 2.52K Jan 24, 2023 Common Stock 630 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -11.11% $0.00 3.75K Jan 24, 2023 Common Stock 469 $0.00 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -2.42K -25.01% $0.00 7.27K Jan 24, 2023 Common Stock 2.42K $0.00 Direct F7
transaction ADBE Performance Shares Award $0 +31.9K $0.00 31.9K Jan 24, 2023 Common Stock 31.9K $0.00 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +15.9K $0.00 15.9K Jan 24, 2023 Common Stock 15.9K $0.00 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.