Belsky Scott - 24 Apr 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Apr 2023
Net transactions value
-$355,454
Form type
4
Filing time
26 Apr 2023, 16:45:52 UTC
Previous filing
18 Apr 2023
Next filing
03 May 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 +631 +2.3% $0.000000 27,551 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $131,692 -349 -1.3% $377.34 27,202 24 Apr 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.7% $0.000000 27,671 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $97,731 -259 -0.94% $377.34 27,412 24 Apr 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +605 +2.2% $0.000000 28,017 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $126,032 -334 -1.2% $377.34 27,683 24 Apr 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 Restricted Stock Units Options Exercise $0 -631 -25% $0.000000 1,892 24 Apr 2023 Common Stock 631 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -12% $0.000000 3,284 24 Apr 2023 Common Stock 469 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -605 -8.3% $0.000000 6,665 24 Apr 2023 Common Stock 605 $0.000000 Direct F4
* 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 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.