Anil Chakravarthy - 24 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
24 Jan 2023
Net transactions value
-$2,167,920
Form type
4
Filing time
26 Jan 2023, 15:59:57 UTC
Previous filing
10 Jan 2023
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 +9,080 +48% $0.000000 27,999 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $1,626,301 -4,501 -16% $361.32 23,498 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +603 +2.6% $0.000000 24,101 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $107,673 -298 -1.2% $361.32 23,803 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +2,424 +10% $0.000000 26,227 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $433,945 -1,201 -4.6% $361.32 25,026 24 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 Performance Shares Options Exercise $0 -9,080 -100% $0.000000* 0 24 Jan 2023 Common Stock 9,080 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -603 -11% $0.000000 4,826 24 Jan 2023 Common Stock 603 $0.000000 Direct F3
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 F4
transaction ADBE Performance Shares Award $0 +56,778 $0.000000 56,778 24 Jan 2023 Common Stock 56,778 $0.000000 Direct F5, F6
transaction ADBE Restricted Stock Units Award $0 +12,167 $0.000000 12,167 24 Jan 2023 Common Stock 12,167 $0.000000 Direct F7
* 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 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.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F5 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.
F6 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.
F7 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.