Anil Chakravarthy - 24 Jan 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, DX
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2024
Net transactions value
-$2,771,007
Form type
4
Filing time
26 Jan 2024, 19:37:45 UTC
Previous filing
17 Jan 2024
Next filing
17 Apr 2024
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 +8,010 +28% $0.000000 36,464 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $2,408,332 -3,971 -11% $606.48 32,493 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +603 +1.9% $0.000000 33,096 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $180,731 -298 -0.9% $606.48 32,798 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +1.8% $0.000000 33,404 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $181,944 -300 -0.9% $606.48 33,104 24 Jan 2024 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 Performance Shares Options Exercise $0 -8,010 -100% $0.000000* 0 24 Jan 2024 Common Stock 8,010 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -603 -20% $0.000000 2,413 24 Jan 2024 Common Stock 603 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -11% $0.000000 4,847 24 Jan 2024 Common Stock 606 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Award $0 +6,994 $0.000000 6,994 24 Jan 2024 Common Stock 6,994 $0.000000 Direct F5
* 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 The Performance Shares vested in full upon the certification of performance goal achievement at 83% following the three-year anniversary of the January 24, 2021 vesting commencement date.
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.
F5 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.