Gloria Chen - 15 Jul 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role: EVP, Chief People Officer
Signature: /s/ Allison Blais, as attorney-in-fact
Issuer symbol: ADBE
Transactions as of: 15 Jul 2023
Net transactions value: -$196,150
Form type: 4
Filing time: 18 Jul 2023, 16:30:13 UTC
Previous filing: 31 May 2023
Next filing: 26 Jul 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	+770	+3.3%	$0.000000	24,127	15 Jul 2023	Direct	F1
transaction	ADBE	Common Stock	Tax liability	$196,150	-381	-1.6%	$514.83	23,746	15 Jul 2023	Direct	F2
holding	ADBE	Common Stock						667	15 Jul 2023	by trust	F3

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	-770	-6.7%	$0.000000	10,773	15 Jul 2023	Common Stock	770	$0.000000	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 74.201 shares acquired on June 30, 2023 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
F2	Shares surrendered to pay tax liability due at vesting.
F3	Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
F4	Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.