David Wadhwani - Jun 14, 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jun 14, 2023
Transactions value $
-$459,390
Form type
4
Date filed
6/15/2023, 05:47 PM
Previous filing
Apr 26, 2023
Next filing
Jul 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +1.93K +20.71% $0.00 11.3K Jun 14, 2023 Direct
transaction ADBE Common Stock Tax liability -$459K -958 -8.5% $479.53 10.3K Jun 14, 2023 Direct F1
holding ADBE Common Stock 355 Jun 14, 2023 By Trust F2

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 -1.93K -11.11% $0.00 15.5K Jun 14, 2023 Common Stock 1.93K $0.00 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 All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee with exception of 92 shares in trust for the benefit of Mr. Wadhwani's children.
F3 Vests 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.