Mark S. Garfield - Oct 24, 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 24, 2023
Transactions value $
-$121,784
Form type
4
Date filed
10/26/2023, 06:44 PM
Previous filing
Oct 17, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +36 +0.89% $0.00 4.09K Oct 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$9.17K -17 -0.42% $539.56 4.07K Oct 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +100 +2.45% $0.00 4.17K Oct 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$26.4K -49 -1.17% $539.56 4.12K Oct 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +91 +2.21% $0.00 4.22K Oct 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$24.3K -45 -1.07% $539.56 4.17K Oct 24, 2023 Direct F1
transaction ADBE Common Stock Sale -$61.9K -116 -2.78% $533.56 4.05K Oct 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 -36 -50% $0.00 36 Oct 24, 2023 Common Stock 36 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -100 -16.58% $0.00 503 Oct 24, 2023 Common Stock 100 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -91 -10% $0.00 819 Oct 24, 2023 Common Stock 91 $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 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 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.