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

Role
EVP & CFO
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$463,935
Form type
4
Date filed
1/26/2023, 04:01 PM
Previous filing
Nov 16, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +2.42K +22.49% $0.00 13.2K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$464K -1.28K -9.73% $361.32 11.9K Jan 24, 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 Restricted Stock Units Options Exercise $0 -2.42K -25.01% $0.00 7.27K Jan 24, 2023 Common Stock 2.42K $0.00 Direct F2
transaction ADBE Performance Shares Award $0 +36.2K $0.00 36.2K Jan 24, 2023 Common Stock 36.2K $0.00 Direct F3, F4
transaction ADBE Restricted Stock Units Award $0 +18.1K $0.00 18.1K Jan 24, 2023 Common Stock 18.1K $0.00 Direct F5
* 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 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F3 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.
F4 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.
F5 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.