Scott Belsky - Jul 24, 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jul 24, 2023
Transactions value $
-$2,029,114
Form type
4
Date filed
7/26/2023, 05:15 PM
Previous filing
Jul 18, 2023
Next filing
Oct 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +630 +2.5% $0.00 25.8K Jul 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$182K -348 -1.35% $523.86 25.5K Jul 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.84% $0.00 26K Jul 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$136K -259 -1% $523.86 25.7K Jul 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +2.36% $0.00 26.3K Jul 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$175K -335 -1.27% $523.86 26K Jul 24, 2023 Direct F1
transaction ADBE Common Stock Sale -$1.14M -2.19K -8.44% $520.00 23.8K Jul 24, 2023 Direct F2
transaction ADBE Common Stock Sale -$396K -763 -3.21% $519.42 23K Jul 25, 2023 Direct 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 -630 -33.3% $0.00 1.26K Jul 24, 2023 Common Stock 630 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -14.28% $0.00 2.82K Jul 24, 2023 Common Stock 469 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -9.09% $0.00 6.06K Jul 24, 2023 Common Stock 606 $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 2, 2023.
F3 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.