Mark S. Garfield - 14 Jun 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
14 Jun 2024
Net transactions value
-$273,739
Form type
4
Filing time
18 Jun 2024, 17:27:44 UTC
Previous filing
04 Jun 2024
Next filing
17 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +62 +2.3% $0.000000 2,802 14 Jun 2024 Direct
transaction ADBE Common Stock Tax liability $15,759 -30 -1.1% $525.31 2,772 14 Jun 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +459 +17% $0.000000 3,231 14 Jun 2024 Direct
transaction ADBE Common Stock Tax liability $119,245 -227 -7% $525.31 3,004 14 Jun 2024 Direct F1
transaction ADBE Common Stock Sale $138,735 -264 -8.8% $525.51 2,740 17 Jun 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 -62 -25% $0.000000 186 14 Jun 2024 Common Stock 62 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -459 -25% $0.000000 1,375 14 Jun 2024 Common Stock 459 $0.000000 Direct F3
* 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 February 2, 2024.
F3 Vests 25% on the first anniversary of the March 15, 2021 vesting commencement date and then 6.25% quarterly thereafter.