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

Role
Chief Strategy Officer & EVP
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2024
Transactions value $
-$4,449,443
Form type
4
Date filed
1/26/2024, 07:42 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 +6.23K +28.25% $0.00 28.3K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$2.09M -3.44K -12.18% $606.48 24.8K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +2.54% $0.00 25.5K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$154K -254 -1% $606.48 25.2K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.86% $0.00 25.7K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$153K -253 -0.99% $606.48 25.4K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +2.38% $0.00 26K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$203K -335 -1.29% $606.48 25.7K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Sale -$1.32M -2.19K -8.53% $601.71 23.5K Jan 24, 2024 Direct F2
transaction ADBE Common Stock Sale -$532K -864 -3.68% $615.42 22.6K 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 -6.23K -100% $0.00* 0 Jan 24, 2024 Common Stock 6.23K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -100% $0.00* 0 Jan 24, 2024 Common Stock 631 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -19.99% $0.00 1.88K Jan 24, 2024 Common Stock 469 $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -11.11% $0.00 4.85K Jan 24, 2024 Common Stock 606 $0.00 Direct F6
transaction ADBE Restricted Stock Units Award $0 +9.16K $0.00 9.16K Jan 24, 2024 Common Stock 9.16K $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 February 2, 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.