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

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
15 Dec 2023
Net transactions value
-$305,906
Form type
4
Filing time
19 Dec 2023, 18:02:21 UTC
Previous filing
26 Oct 2023
Next filing
17 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +62 +1.5% $0.000000 4,117 15 Dec 2023 Direct
transaction ADBE Common Stock Tax liability $17,540 -30 -0.73% $584.68 4,087 15 Dec 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +458 +11% $0.000000 4,545 15 Dec 2023 Direct
transaction ADBE Common Stock Tax liability $132,722 -227 -5% $584.68 4,318 15 Dec 2023 Direct F1
transaction ADBE Common Stock Sale $155,643 -263 -6.1% $591.80 4,055 18 Dec 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 -458 -17% $0.000000 2,292 15 Dec 2023 Common Stock 458 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -62 -17% $0.000000 310 15 Dec 2023 Common Stock 62 $0.000000 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 on May 5, 2023.
F3 Vests 25% on the first anniversary of the March 15, 2021 vesting commencement date and then 6.25% quarterly thereafter.