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

Role
SVP & CAO
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2024
Transactions value $
-$954,973
Form type
4
Date filed
1/26/2024, 07:41 PM
Previous filing
Jan 17, 2024
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +1.34K +32.92% $0.00 5.39K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$401K -661 -12.26% $606.48 4.73K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +36 +0.76% $0.00 4.76K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$11.5K -19 -0.4% $606.48 4.75K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +101 +2.13% $0.00 4.85K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$30.3K -50 -1.03% $606.48 4.8K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +91 +1.9% $0.00 4.89K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$27.3K -45 -0.92% $606.48 4.84K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Sale -$485K -788 -16.27% $615.42 4.05K Jan 25, 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 -1.34K -100% $0.00* 0 Jan 24, 2024 Common Stock 1.34K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -36 -100% $0.00* 0 Jan 24, 2024 Common Stock 36 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -101 -20.08% $0.00 402 Jan 24, 2024 Common Stock 101 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -91 -11.11% $0.00 728 Jan 24, 2024 Common Stock 91 $0.00 Direct F6
transaction ADBE Restricted Stock Units Award $0 +1.75K $0.00 1.75K Jan 24, 2024 Common Stock 1.75K $0.00 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.