Dana Rao - 24 Jul 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jul 2023
Net transactions value
-$322,174
Form type
4
Filing time
26 Jul 2023, 17:23:51 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 +451 +2.5% $0.000000 18,380 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $116,821 -223 -1.2% $523.86 18,157 24 Jul 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +369 +2% $0.000000 18,526 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $95,343 -182 -0.98% $523.86 18,344 24 Jul 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +424 +2.3% $0.000000 18,768 24 Jul 2023 Direct
transaction ADBE Common Stock Tax liability $110,011 -210 -1.1% $523.86 18,558 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 -451 -33% $0.000000 901 24 Jul 2023 Common Stock 451 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -369 -14% $0.000000 2,212 24 Jul 2023 Common Stock 369 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -424 -9.1% $0.000000 4,241 24 Jul 2023 Common Stock 424 $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 surrendered to pay tax liability due at vesting.
F2 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.