David Wadhwani - 15 Jul 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
15 Jul 2023
Net transactions value
-$193,576
Form type
4
Filing time
18 Jul 2023, 16:32:08 UTC
Previous filing
15 Jun 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 +760 +7.3% $0.000000 11,143 15 Jul 2023 Direct F1
transaction ADBE Common Stock Tax liability $193,576 -376 -3.4% $514.83 10,767 15 Jul 2023 Direct F2
holding ADBE Common Stock 355 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 -760 -6.7% $0.000000 10,647 15 Jul 2023 Common Stock 760 $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 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.
F4 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.