Anil Chakravarthy - 24 Apr 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, DX
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Apr 2023
Net transactions value
-$225,272
Form type
4
Filing time
26 Apr 2023, 16:46:00 UTC
Previous filing
18 Apr 2023
Next filing
16 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 +603 +2.4% $0.000000 26,013 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $112,447 -298 -1.1% $377.34 25,715 24 Apr 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +605 +2.4% $0.000000 26,320 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $112,825 -299 -1.1% $377.34 26,021 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 -603 -12% $0.000000 4,223 24 Apr 2023 Common Stock 603 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -605 -8.3% $0.000000 6,665 24 Apr 2023 Common Stock 605 $0.000000 Direct F3
* 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, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.