David Wadhwani - Jan 24, 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2024
Transactions value $
-$126,754
Form type
4
Date filed
1/26/2024, 07:40 PM
Previous filing
Jan 17, 2024
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +606 +7.48% $0.00 8.7K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$127K -209 -2.4% $606.48 8.49K Jan 24, 2024 Direct F1
holding ADBE Common Stock 355 Jan 24, 2024 By Trust 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 -606 -11.11% $0.00 4.85K Jan 24, 2024 Common Stock 606 $0.00 Direct F3
transaction ADBE Restricted Stock Units Award $0 +6.99K $0.00 6.99K Jan 24, 2024 Common Stock 6.99K $0.00 Direct F4
* 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 All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee with exception of 92 shares in trust for the benefit of Mr. Wadhwani's children.
F3 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.