Shantanu Narayen - 24 Jan 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
Chair and CEO, Director
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2024
Net transactions value
-$13,473,560
Form type
4
Filing time
26 Jan 2024, 19:39:48 UTC
Previous filing
17 Jan 2024
Next filing
01 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 +40,494 +11% $0.000000 419,519 24 Jan 2024 by trust F1
transaction ADBE Common Stock Tax liability $12,175,692 -20,076 -4.8% $606.48 399,443 24 Jan 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,757 +0.44% $0.000000 401,200 24 Jan 2024 by trust F1
transaction ADBE Common Stock Tax liability $528,244 -871 -0.22% $606.48 400,329 24 Jan 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,307 +0.33% $0.000000 401,636 24 Jan 2024 by trust F1
transaction ADBE Common Stock Tax liability $392,999 -648 -0.16% $606.48 400,988 24 Jan 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,254 +0.31% $0.000000 402,242 24 Jan 2024 by trust F1
transaction ADBE Common Stock Tax liability $376,624 -621 -0.15% $606.48 401,621 24 Jan 2024 by trust F1, F2
holding ADBE Common Stock 193 24 Jan 2024 Direct

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 -40,494 -100% $0.000000* 0 24 Jan 2024 Common Stock 40,494 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -1,757 -100% $0.000000* 0 24 Jan 2024 Common Stock 1,757 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,307 -20% $0.000000 5,228 24 Jan 2024 Common Stock 1,307 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1,254 -11% $0.000000 10,034 24 Jan 2024 Common Stock 1,254 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Award $0 +20,233 $0.000000 20,233 24 Jan 2024 Common Stock 20,233 $0.000000 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2 Shares surrendered to pay tax liability due at vesting.
F3 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.
F4 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F7 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.