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

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$235,793
Form type
4
Filing time
26 Jan 2023, 16:01:53 UTC
Previous filing
20 Dec 2022
Next filing
16 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 +363 +11% $0.000000 3,634 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $71,541 -198 -5.4% $361.32 3,436 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +36 +1% $0.000000 3,472 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $7,226 -20 -0.58% $361.32 3,452 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +101 +2.9% $0.000000 3,553 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $17,705 -49 -1.4% $361.32 3,504 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +364 +10% $0.000000 3,868 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $65,038 -180 -4.7% $361.32 3,688 24 Jan 2023 Direct F1
transaction ADBE Common Stock Sale $74,283 -209 -5.7% $355.42 3,479 25 Jan 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% $0.000000* 0 24 Jan 2023 Common Stock 363 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -36 -20% $0.000000 144 24 Jan 2023 Common Stock 36 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -101 -11% $0.000000 804 24 Jan 2023 Common Stock 101 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -364 -25% $0.000000 1,091 24 Jan 2023 Common Stock 364 $0.000000 Direct F6
transaction ADBE Performance Shares Award $0 +4,056 $0.000000 4,056 24 Jan 2023 Common Stock 4,056 $0.000000 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +3,042 $0.000000 3,042 24 Jan 2023 Common Stock 3,042 $0.000000 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.