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

Role
EVP, Chief People Officer
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$904,384
Form type
4
Filing time
26 Jan 2023, 16:00:07 UTC
Previous filing
01 Dec 2022
Next filing
01 Mar 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 +3,178 +17% $0.000000 21,923 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $450,205 -1,246 -5.7% $361.32 20,677 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +258 +1.2% $0.000000 20,935 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $37,939 -105 -0.5% $361.32 20,830 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +316 +1.5% $0.000000 21,146 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $40,468 -112 -0.53% $361.32 21,034 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +402 +1.9% $0.000000 21,436 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $71,903 -199 -0.93% $361.32 21,237 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,697 +8% $0.000000 22,934 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $303,870 -841 -3.7% $361.32 22,093 24 Jan 2023 Direct F1
holding ADBE Common Stock 667 24 Jan 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 -3,178 -100% $0.000000* 0 24 Jan 2023 Common Stock 3,178 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -258 -100% $0.000000* 0 24 Jan 2023 Common Stock 258 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -316 -20% $0.000000 1,261 24 Jan 2023 Common Stock 316 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -402 -11% $0.000000 3,217 24 Jan 2023 Common Stock 402 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -1,697 -25% $0.000000 5,089 24 Jan 2023 Common Stock 1,697 $0.000000 Direct F7
transaction ADBE Performance Shares Award $0 +24,624 $0.000000 24,624 24 Jan 2023 Common Stock 24,624 $0.000000 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +12,312 $0.000000 12,312 24 Jan 2023 Common Stock 12,312 $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 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.