Mark S. Garfield - Oct 15, 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Oct 15, 2023
Transactions value $
-$104,689
Form type
4
Date filed
10/17/2023, 05:35 PM
Previous filing
Sep 19, 2023
Next filing
Oct 26, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +190 +4.69% $0.00 4.24K Oct 15, 2023 Direct
transaction ADBE Common Stock Tax liability -$51.6K -94 -2.21% $548.76 4.15K Oct 15, 2023 Direct F1
transaction ADBE Common Stock Sale -$53.1K -96 -2.31% $553.18 4.05K Oct 16, 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 -190 -7.14% $0.00 2.47K Oct 15, 2023 Common Stock 190 $0.00 Direct F3
* 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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person May 5, 2023.
F3 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.