Mark S. Garfield - 15 Jul 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 Jul 2024
Net transactions value
-$168,980
Form type
4
Filing time
17 Jul 2024, 18:37:19 UTC
Previous filing
18 Jun 2024
Next filing
26 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +190 +6.8% $0.000000 2,987 15 Jul 2024 Direct F1
transaction ADBE Common Stock Tax liability $53,177 -94 -3.1% $565.71 2,893 15 Jul 2024 Direct F2
transaction ADBE Common Stock Options Exercise $0 +109 +3.8% $0.000000 3,002 15 Jul 2024 Direct
transaction ADBE Common Stock Tax liability $30,548 -54 -1.8% $565.71 2,948 15 Jul 2024 Direct F2
transaction ADBE Common Stock Sale $85,255 -151 -5.1% $564.60 2,797 16 Jul 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 -190 -9.1% $0.000000 1,902 15 Jul 2024 Common Stock 190 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -109 -6.6% $0.000000 1,531 15 Jul 2024 Common Stock 109 $0.000000 Direct F5
* 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 57.736 shares acquired on Jun. 28, 2024 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended.
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 February 2, 2024.
F4 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
F5 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.