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

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2024
Transactions value $
-$1,763,644
Form type
4
Date filed
1/26/2024, 07:41 PM
Previous filing
Jan 17, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +4.9K +24.4% $0.00 25K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$1.47M -2.42K -9.68% $606.48 22.5K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +451 +2% $0.00 23K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$94K -155 -0.67% $606.48 22.8K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +368 +1.61% $0.00 23.2K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$77K -127 -0.55% $606.48 23.1K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +424 +1.84% $0.00 23.5K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$127K -210 -0.89% $606.48 23.3K Jan 24, 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 -4.9K -100% $0.00* 0 Jan 24, 2024 Common Stock 4.9K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -451 -100% $0.00* 0 Jan 24, 2024 Common Stock 451 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -368 -19.97% $0.00 1.48K Jan 24, 2024 Common Stock 368 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -424 -11.11% $0.00 3.39K Jan 24, 2024 Common Stock 424 $0.00 Direct F5
transaction ADBE Restricted Stock Units Award $0 +7.08K $0.00 7.08K Jan 24, 2024 Common Stock 7.08K $0.00 Direct F6
* 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, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.