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

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jul 2023
Net transactions value
-$2,029,114
Form type
4
Filing time
26 Jul 2023, 17:15:29 UTC
Previous filing
18 Jul 2023
Next filing
17 Oct 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 +630 +2.5% $0.000000 25,833 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $182,303 -348 -1.3% $523.86 25,485 24 Jul 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.8% $0.000000 25,954 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $135,680 -259 -1% $523.86 25,695 24 Jul 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +2.4% $0.000000 26,301 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $175,493 -335 -1.3% $523.86 25,966 24 Jul 2023 Direct F1
transaction ADBE Common Stock Sale $1,139,320 -2,191 -8.4% $520.00 23,775 24 Jul 2023 Direct F2
transaction ADBE Common Stock Sale $396,317 -763 -3.2% $519.42 23,012 25 Jul 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% $0.000000 1,262 24 Jul 2023 Common Stock 630 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -14% $0.000000 2,815 24 Jul 2023 Common Stock 469 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -9.1% $0.000000 6,059 24 Jul 2023 Common Stock 606 $0.000000 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.