Scott Belsky - Jul 24, 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Jillian Forusz, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jul 24, 2024
Transactions value $
-$573,735
Form type
4
Date filed
7/26/2024, 04:45 PM
Previous filing
Jul 17, 2024
Next filing
Aug 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +469 +2.39% $0.00 20.1K Jul 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$138K -259 -1.29% $531.04 19.9K Jul 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +3.05% $0.00 20.5K Jul 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$178K -335 -1.64% $531.04 20.1K Jul 24, 2024 Direct F1
transaction ADBE Common Stock Sale -$258K -481 -2.39% $537.00 19.7K Jul 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 -469 -33.31% $0.00 939 Jul 24, 2024 Common Stock 469 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -14.29% $0.00 3.64K Jul 24, 2024 Common Stock 606 $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 February 1, 2024.
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.