Mark S. Garfield - Apr 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
Apr 15, 2024
Transactions value $
-$114,695
Form type
4
Date filed
4/17/2024, 04:49 PM
Previous filing
Mar 19, 2024
Next filing
Apr 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +190 +4.66% $0.00 4.26K Apr 15, 2024 Direct
transaction ADBE Common Stock Tax liability -$44.2K -94 -2.2% $470.10 4.17K Apr 15, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +109 +2.61% $0.00 4.28K Apr 15, 2024 Direct
transaction ADBE Common Stock Tax liability -$25.4K -54 -1.26% $470.10 4.22K Apr 15, 2024 Direct F1
transaction ADBE Common Stock Sale -$45.1K -96 -2.27% $470.00 4.13K Apr 16, 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 Restricted Stock Units Options Exercise $0 -190 -8.33% $0.00 2.09K Apr 15, 2024 Common Stock 190 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -109 -6.23% $0.00 1.64K Apr 15, 2024 Common Stock 109 $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 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 on May 5, 2023.
F3 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
F4 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.