Mark S. Garfield - 24 Jan 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2024
Net transactions value
-$954,973
Form type
4
Filing time
26 Jan 2024, 19:41:34 UTC
Previous filing
17 Jan 2024
Next filing
19 Mar 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 +1,335 +33% $0.000000 5,390 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $400,883 -661 -12% $606.48 4,729 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +36 +0.76% $0.000000 4,765 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $11,523 -19 -0.4% $606.48 4,746 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +101 +2.1% $0.000000 4,847 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $30,324 -50 -1% $606.48 4,797 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +91 +1.9% $0.000000 4,888 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $27,292 -45 -0.92% $606.48 4,843 24 Jan 2024 Direct F1
transaction ADBE Common Stock Sale $484,951 -788 -16% $615.42 4,055 25 Jan 2024 Direct 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 Performance Shares Options Exercise $0 -1,335 -100% $0.000000* 0 24 Jan 2024 Common Stock 1,335 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -36 -100% $0.000000* 0 24 Jan 2024 Common Stock 36 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -101 -20% $0.000000 402 24 Jan 2024 Common Stock 101 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -91 -11% $0.000000 728 24 Jan 2024 Common Stock 91 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Award $0 +1,749 $0.000000 1,749 24 Jan 2024 Common Stock 1,749 $0.000000 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person May 5, 2023.
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.