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

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$1,211,867
Form type
4
Filing time
26 Jan 2023, 16:04:34 UTC
Previous filing
20 Dec 2022
Next filing
18 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 +4,540 +31% $0.000000 19,372 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $715,414 -1,980 -10% $361.32 17,392 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +516 +3% $0.000000 17,908 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $70,819 -196 -1.1% $361.32 17,712 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +451 +2.5% $0.000000 18,163 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $56,005 -155 -0.85% $361.32 18,008 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +369 +2% $0.000000 18,377 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $65,760 -182 -0.99% $361.32 18,195 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,697 +9.3% $0.000000 19,892 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $303,870 -841 -4.2% $361.32 19,051 24 Jan 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 -4,540 -100% $0.000000* 0 24 Jan 2023 Common Stock 4,540 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -516 -100% $0.000000* 0 24 Jan 2023 Common Stock 516 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -451 -20% $0.000000 1,802 24 Jan 2023 Common Stock 451 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -369 -11% $0.000000 2,949 24 Jan 2023 Common Stock 369 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1,697 -25% $0.000000 5,089 24 Jan 2023 Common Stock 1,697 $0.000000 Direct F6
transaction ADBE Performance Shares Award $0 +24,624 $0.000000 24,624 24 Jan 2023 Common Stock 24,624 $0.000000 Direct F7, F8
transaction ADBE Restricted Stock Units Award $0 +12,312 $0.000000 12,312 24 Jan 2023 Common Stock 12,312 $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 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.