Shantanu Narayen - 24 Jan 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
Chairman and CEO, Director
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$9,312,300
Form type
4
Filing time
26 Jan 2023, 16:04:29 UTC
Previous filing
23 Jan 2023
Next filing
04 Apr 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 +41,314 +10% $0.000000 450,180 24 Jan 2023 by trust F1
transaction ADBE Common Stock Tax liability $7,400,918 -20,483 -4.5% $361.32 429,697 24 Jan 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +2,578 +0.6% $0.000000 432,275 24 Jan 2023 by trust F1
transaction ADBE Common Stock Tax liability $464,296 -1,285 -0.3% $361.32 430,990 24 Jan 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,756 +0.41% $0.000000 432,746 24 Jan 2023 by trust F1
transaction ADBE Common Stock Tax liability $314,348 -870 -0.2% $361.32 431,876 24 Jan 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,307 +0.3% $0.000000 433,183 24 Jan 2023 by trust F1
transaction ADBE Common Stock Tax liability $234,135 -648 -0.15% $361.32 432,535 24 Jan 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +5,017 +1.2% $0.000000 437,552 24 Jan 2023 by trust F1
transaction ADBE Common Stock Tax liability $898,603 -2,487 -0.57% $361.32 435,065 24 Jan 2023 by trust F1, F2
holding ADBE Common Stock 119 24 Jan 2023 Direct

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 -41,314 -100% $0.000000* 0 24 Jan 2023 Common Stock 41,314 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -2,578 -100% $0.000000* 0 24 Jan 2023 Common Stock 2,578 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,756 -20% $0.000000 7,027 24 Jan 2023 Common Stock 1,756 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1,307 -11% $0.000000 10,455 24 Jan 2023 Common Stock 1,307 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -5,017 -25% $0.000000 15,050 24 Jan 2023 Common Stock 5,017 $0.000000 Direct F7
transaction ADBE Performance Shares Award $0 +164,248 $0.000000 164,248 24 Jan 2023 Common Stock 164,248 $0.000000 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +35,196 $0.000000 35,196 24 Jan 2023 Common Stock 35,196 $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 held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2 Shares surrendered to pay tax liability due at vesting.
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.