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

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2023
Transactions value $
-$1,211,867
Form type
4
Date filed
1/26/2023, 04:04 PM
Previous filing
Dec 20, 2022
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +4.54K +30.61% $0.00 19.4K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$715K -1.98K -10.22% $361.32 17.4K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +516 +2.97% $0.00 17.9K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$70.8K -196 -1.09% $361.32 17.7K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +451 +2.55% $0.00 18.2K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$56K -155 -0.85% $361.32 18K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +369 +2.05% $0.00 18.4K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$65.8K -182 -0.99% $361.32 18.2K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1.7K +9.33% $0.00 19.9K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$304K -841 -4.23% $361.32 19.1K 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 Performance Shares Options Exercise $0 -4.54K -100% $0.00* 0 Jan 24, 2023 Common Stock 4.54K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -516 -100% $0.00* 0 Jan 24, 2023 Common Stock 516 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -451 -20.02% $0.00 1.8K Jan 24, 2023 Common Stock 451 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -369 -11.12% $0.00 2.95K Jan 24, 2023 Common Stock 369 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1.7K -25.01% $0.00 5.09K Jan 24, 2023 Common Stock 1.7K $0.00 Direct F6
transaction ADBE Performance Shares Award $0 +24.6K $0.00 24.6K Jan 24, 2023 Common Stock 24.6K $0.00 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +12.3K $0.00 12.3K Jan 24, 2023 Common Stock 12.3K $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 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.
F3 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
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.