Mark S. Garfield - Apr 24, 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 24, 2024
Transactions value $
-$90,285
Form type
4
Date filed
4/25/2024, 07:18 PM
Previous filing
Apr 17, 2024
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +100 +2.42% $0.00 4.23K Apr 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$23.4K -49 -1.16% $477.12 4.18K Apr 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +91 +2.18% $0.00 4.27K Apr 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$21.5K -45 -1.05% $477.12 4.23K Apr 24, 2024 Direct F1
transaction ADBE Common Stock Sale -$45.4K -97 -2.3% $468.41 4.13K Apr 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 Restricted Stock Units Options Exercise $0 -100 -24.88% $0.00 302 Apr 24, 2024 Common Stock 100 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -91 -12.5% $0.00 637 Apr 24, 2024 Common Stock 91 $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 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.