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

Role
EVP, Chief People Officer
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$904,384
Form type
4
Date filed
1/26/2023, 04:00 PM
Previous filing
Dec 1, 2022
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +3.18K +16.95% $0.00 21.9K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$450K -1.25K -5.68% $361.32 20.7K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +258 +1.25% $0.00 20.9K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$37.9K -105 -0.5% $361.32 20.8K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +316 +1.52% $0.00 21.1K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$40.5K -112 -0.53% $361.32 21K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +402 +1.91% $0.00 21.4K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$71.9K -199 -0.93% $361.32 21.2K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.7K +7.99% $0.00 22.9K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$304K -841 -3.67% $361.32 22.1K Jan 24, 2023 Direct F1
holding ADBE Common Stock 667 Jan 24, 2023 Trust 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 -3.18K -100% $0.00* 0 Jan 24, 2023 Common Stock 3.18K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -258 -100% $0.00* 0 Jan 24, 2023 Common Stock 258 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -316 -20.04% $0.00 1.26K Jan 24, 2023 Common Stock 316 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -402 -11.11% $0.00 3.22K Jan 24, 2023 Common Stock 402 $0.00 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -1.7K -25.01% $0.00 5.09K Jan 24, 2023 Common Stock 1.7K $0.00 Direct F7
transaction ADBE Performance Shares Award $0 +24.6K $0.00 24.6K Jan 24, 2023 Common Stock 24.6K $0.00 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +12.3K $0.00 12.3K Jan 24, 2023 Common Stock 12.3K $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 Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
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.