Mark S. Garfield - 12 Jan 2024 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
12 Jan 2024
Net transactions value
-$112,960
Form type
4
Filing time
17 Jan 2024, 18:10:25 UTC
Previous filing
19 Dec 2023
Next filing
26 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +190 +4.7% $0.000000 4,245 12 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $63,233 -106 -2.5% $596.54 4,139 12 Jan 2024 Direct F1
transaction ADBE Common Stock Sale $49,727 -84 -2% $591.99 4,055 17 Jan 2024 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 -7.7% $0.000000 2,282 12 Jan 2024 Common Stock 190 $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 6.25% quarterly from the vesting commencement date of January 15, 2023.