Dana Rao - 24 Apr 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 Apr 2023
Net transactions value
-$232,064
Form type
4
Filing time
26 Apr 2023, 16:47:18 UTC
Previous filing
18 Apr 2023
Next filing
23 Jun 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 +450 +2.3% $0.000000 19,889 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $84,147 -223 -1.1% $377.34 19,666 24 Apr 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +368 +1.9% $0.000000 20,034 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $68,676 -182 -0.91% $377.34 19,852 24 Apr 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +424 +2.1% $0.000000 20,276 24 Apr 2023 Direct
transaction ADBE Common Stock Tax liability $79,241 -210 -1% $377.34 20,066 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 -450 -25% $0.000000 1,352 24 Apr 2023 Common Stock 450 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -368 -12% $0.000000 2,581 24 Apr 2023 Common Stock 368 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -424 -8.3% $0.000000 4,665 24 Apr 2023 Common Stock 424 $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.