Shantanu Narayen - 15 Jul 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role: Chairman and CEO, Director
Signature: /s/ Allison Blais, as attorney-in-fact
Issuer symbol: ADBE
Transactions as of: 15 Jul 2023
Net transactions value: -$561,165
Form type: 4
Filing time: 18 Jul 2023, 16:31:27 UTC
Previous filing: 05 Jul 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	+2,200	+0.55%	$0.000000	405,552	15 Jul 2023	by trust	F1
transaction	ADBE	Common Stock	Tax liability	$561,165	-1,090	-0.27%	$514.83	404,462	15 Jul 2023	by trust	F1, F2
holding	ADBE	Common Stock						193	15 Jul 2023	Direct	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	-2,200	-6.7%	$0.000000	30,797	15 Jul 2023	Common Stock	2,200	$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 held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2	Shares surrendered to pay tax liability due at vesting.
F3	Includes 74.201 shares acquired on June 30, 2023 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
F4	Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.