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

Role
Chief Strategy Officer & EVP
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2024
Net transactions value
-$4,449,443
Form type
4
Filing time
26 Jan 2024, 19:42:14 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 +6,229 +28% $0.000000 28,279 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $2,088,717 -3,444 -12% $606.48 24,835 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +631 +2.5% $0.000000 25,466 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $154,046 -254 -1% $606.48 25,212 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +469 +1.9% $0.000000 25,681 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $153,439 -253 -0.99% $606.48 25,428 24 Jan 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +2.4% $0.000000 26,034 24 Jan 2024 Direct
transaction ADBE Common Stock Tax liability $203,171 -335 -1.3% $606.48 25,699 24 Jan 2024 Direct F1
transaction ADBE Common Stock Sale $1,318,347 -2,191 -8.5% $601.71 23,508 24 Jan 2024 Direct F2
transaction ADBE Common Stock Sale $531,723 -864 -3.7% $615.42 22,644 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 -6,229 -100% $0.000000* 0 24 Jan 2024 Common Stock 6,229 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -631 -100% $0.000000* 0 24 Jan 2024 Common Stock 631 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -469 -20% $0.000000 1,877 24 Jan 2024 Common Stock 469 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -11% $0.000000 4,847 24 Jan 2024 Common Stock 606 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Award $0 +9,159 $0.000000 9,159 24 Jan 2024 Common Stock 9,159 $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 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.