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

Role
Chairman and CEO, Director
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$9,312,300
Form type
4
Date filed
1/26/2023, 04:04 PM
Previous filing
Jan 23, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +41.3K +10.1% $0.00 450K Jan 24, 2023 by trust F1
transaction ADBE Common Stock Tax liability -$7.4M -20.5K -4.55% $361.32 430K Jan 24, 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +2.58K +0.6% $0.00 432K Jan 24, 2023 by trust F1
transaction ADBE Common Stock Tax liability -$464K -1.29K -0.3% $361.32 431K Jan 24, 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1.76K +0.41% $0.00 433K Jan 24, 2023 by trust F1
transaction ADBE Common Stock Tax liability -$314K -870 -0.2% $361.32 432K Jan 24, 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1.31K +0.3% $0.00 433K Jan 24, 2023 by trust F1
transaction ADBE Common Stock Tax liability -$234K -648 -0.15% $361.32 433K Jan 24, 2023 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +5.02K +1.16% $0.00 438K Jan 24, 2023 by trust F1
transaction ADBE Common Stock Tax liability -$899K -2.49K -0.57% $361.32 435K Jan 24, 2023 by trust F1, F2
holding ADBE Common Stock 119 Jan 24, 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 -41.3K -100% $0.00* 0 Jan 24, 2023 Common Stock 41.3K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -2.58K -100% $0.00* 0 Jan 24, 2023 Common Stock 2.58K $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1.76K -19.99% $0.00 7.03K Jan 24, 2023 Common Stock 1.76K $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1.31K -11.11% $0.00 10.5K Jan 24, 2023 Common Stock 1.31K $0.00 Direct F6
transaction ADBE Restricted Stock Units Options Exercise $0 -5.02K -25% $0.00 15.1K Jan 24, 2023 Common Stock 5.02K $0.00 Direct F7
transaction ADBE Performance Shares Award $0 +164K $0.00 164K Jan 24, 2023 Common Stock 164K $0.00 Direct F8, F9
transaction ADBE Restricted Stock Units Award $0 +35.2K $0.00 35.2K Jan 24, 2023 Common Stock 35.2K $0.00 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.