Anil Chakravarthy - 24 Jul 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, DX
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jul 2023
Net transactions value
-$313,792
Form type
4
Filing time
26 Jul 2023, 17:21:01 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 +604 +2.3% $0.000000 27,083 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $156,634 -299 -1.1% $523.86 26,784 24 Jul 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +2.3% $0.000000 27,390 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $157,158 -300 -1.1% $523.86 27,090 24 Jul 2023 Direct F1

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 -604 -14% $0.000000 3,619 24 Jul 2023 Common Stock 604 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -9.1% $0.000000 6,059 24 Jul 2023 Common Stock 606 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.