Mark S. Garfield - Jun 14, 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
Jun 14, 2024
Transactions value $
-$273,739
Form type
4
Date filed
6/18/2024, 05:27 PM
Previous filing
Jun 4, 2024
Next filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +62 +2.26% $0.00 2.8K Jun 14, 2024 Direct
transaction ADBE Common Stock Tax liability -$15.8K -30 -1.07% $525.31 2.77K Jun 14, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +459 +16.56% $0.00 3.23K Jun 14, 2024 Direct
transaction ADBE Common Stock Tax liability -$119K -227 -7.03% $525.31 3K Jun 14, 2024 Direct F1
transaction ADBE Common Stock Sale -$139K -264 -8.79% $525.51 2.74K Jun 17, 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% $0.00 186 Jun 14, 2024 Common Stock 62 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -459 -25.03% $0.00 1.38K Jun 14, 2024 Common Stock 459 $0.00 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.