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

Role
EVP, Gen. Counsel & Secretary
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2024
Net transactions value
-$1,763,644
Form type
4
Filing time
26 Jan 2024, 19:41:05 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 +4,895 +24% $0.000000 24,958 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $1,465,256 -2,416 -9.7% $606.48 22,542 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +451 +2% $0.000000 22,993 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $94,004 -155 -0.67% $606.48 22,838 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +368 +1.6% $0.000000 23,206 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $77,023 -127 -0.55% $606.48 23,079 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +424 +1.8% $0.000000 23,503 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $127,361 -210 -0.89% $606.48 23,293 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 -4,895 -100% $0.000000* 0 24 Jan 2024 Common Stock 4,895 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -451 -100% $0.000000* 0 24 Jan 2024 Common Stock 451 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -368 -20% $0.000000 1,475 24 Jan 2024 Common Stock 368 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -424 -11% $0.000000 3,393 24 Jan 2024 Common Stock 424 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Award $0 +7,078 $0.000000 7,078 24 Jan 2024 Common Stock 7,078 $0.000000 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.