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

Role: President, DX
Signature: /s/ Allison Blais, as attorney-in-fact
Stock symbol: ADBE
Transactions as of: Jan 24, 2023
Transactions value $: -$2,167,920
Form type: 4
Date filed: 1/26/2023, 03:59 PM
Previous filing: Jan 10, 2023
Next filing: Apr 18, 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	+9.08K	+47.99%	$0.00	28K	Jan 24, 2023	Direct
transaction	ADBE	Common Stock	Tax liability	-$1.63M	-4.5K	-16.08%	$361.32	23.5K	Jan 24, 2023	Direct	F1
transaction	ADBE	Common Stock	Options Exercise	$0	+603	+2.57%	$0.00	24.1K	Jan 24, 2023	Direct
transaction	ADBE	Common Stock	Tax liability	-$108K	-298	-1.24%	$361.32	23.8K	Jan 24, 2023	Direct	F1
transaction	ADBE	Common Stock	Options Exercise	$0	+2.42K	+10.18%	$0.00	26.2K	Jan 24, 2023	Direct
transaction	ADBE	Common Stock	Tax liability	-$434K	-1.2K	-4.58%	$361.32	25K	Jan 24, 2023	Direct	F1

Showing 1 to 6 of 6 entries

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	-9.08K	-100%	$0.00^*	0	Jan 24, 2023	Common Stock	9.08K	$0.00	Direct	F2
transaction	ADBE	Restricted Stock Units	Options Exercise	$0	-603	-11.11%	$0.00	4.83K	Jan 24, 2023	Common Stock	603	$0.00	Direct	F3
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	F4
transaction	ADBE	Performance Shares	Award	$0	+56.8K		$0.00	56.8K	Jan 24, 2023	Common Stock	56.8K	$0.00	Direct	F5, F6
transaction	ADBE	Restricted Stock Units	Award	$0	+12.2K		$0.00	12.2K	Jan 24, 2023	Common Stock	12.2K	$0.00	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.