Mark S. Garfield - Mar 15, 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
SVP & CAO
Signature
/s/ Jillian Forusz, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Mar 15, 2024
Transactions value $
-$257,189
Form type
4
Date filed
3/19/2024, 04:57 PM
Previous filing
Jan 26, 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 +458 +11.24% $0.00 4.53K Mar 15, 2024 Direct F1
transaction ADBE Common Stock Tax liability -$112K -227 -5.01% $492.46 4.3K Mar 15, 2024 Direct F2
transaction ADBE Common Stock Options Exercise $0 +62 +1.44% $0.00 4.37K Mar 15, 2024 Direct
transaction ADBE Common Stock Tax liability -$14.8K -30 -0.69% $492.46 4.34K Mar 15, 2024 Direct F2
transaction ADBE Common Stock Sale -$131K -263 -6.07% $496.68 4.07K Mar 18, 2024 Direct F3

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 Restricted Stock Units Options Exercise $0 -458 -19.98% $0.00 1.83K Mar 15, 2024 Common Stock 458 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -62 -20% $0.00 248 Mar 15, 2024 Common Stock 62 $0.00 Direct F4
* 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 Includes 18.399 shares acquired on Dec. 29, 2023 pursuant to Adobe's 2020 Employee Stock Purchase Plan
F2 Shares surrendered to pay tax liability due at vesting.
F3 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 2023.
F4 Vests 25% on the first anniversary of the March 15, 2021 vesting commencement date and then 6.25% quarterly thereafter.