Mark S. Garfield - Jan 24, 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$235,793
Form type
4
Date filed
1/26/2023, 04:01 PM
Previous filing
Dec 20, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +363 +11.1% $0.00 3.63K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$71.5K -198 -5.45% $361.32 3.44K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +36 +1.05% $0.00 3.47K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$7.23K -20 -0.58% $361.32 3.45K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +101 +2.93% $0.00 3.55K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$17.7K -49 -1.38% $361.32 3.5K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +364 +10.39% $0.00 3.87K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$65K -180 -4.65% $361.32 3.69K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Sale -$74.3K -209 -5.67% $355.42 3.48K Jan 25, 2023 Direct 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 -363 -100% $0.00* 0 Jan 24, 2023 Common Stock 363 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -36 -20% $0.00 144 Jan 24, 2023 Common Stock 36 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -101 -11.16% $0.00 804 Jan 24, 2023 Common Stock 101 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -364 -25.02% $0.00 1.09K Jan 24, 2023 Common Stock 364 $0.00 Direct F6
transaction ADBE Performance Shares Award $0 +4.06K $0.00 4.06K Jan 24, 2023 Common Stock 4.06K $0.00 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +3.04K $0.00 3.04K Jan 24, 2023 Common Stock 3.04K $0.00 Direct F9
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 22, 2022.
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, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F7 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.
F8 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.
F9 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.