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

Role
SVP & CAO
Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
15 Mar 2024
Net transactions value
-$257,189
Form type
4
Filing time
19 Mar 2024, 16:57:25 UTC
Previous filing
26 Jan 2024
Next filing
17 Apr 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% $0.000000 4,531 15 Mar 2024 Direct F1
transaction ADBE Common Stock Tax liability $111,788 -227 -5% $492.46 4,304 15 Mar 2024 Direct F2
transaction ADBE Common Stock Options Exercise $0 +62 +1.4% $0.000000 4,366 15 Mar 2024 Direct
transaction ADBE Common Stock Tax liability $14,774 -30 -0.69% $492.46 4,336 15 Mar 2024 Direct F2
transaction ADBE Common Stock Sale $130,627 -263 -6.1% $496.68 4,073 18 Mar 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 -20% $0.000000 1,834 15 Mar 2024 Common Stock 458 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -62 -20% $0.000000 248 15 Mar 2024 Common Stock 62 $0.000000 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.