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

Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jul 2024
Net transactions value
-$573,735
Form type
4
Filing time
26 Jul 2024, 16:45:43 UTC
Previous filing
17 Jul 2024
Next filing
02 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +469 +2.4% $0.000000 20,127 24 Jul 2024 Direct
transaction ADBE Common Stock Tax liability $137,539 -259 -1.3% $531.04 19,868 24 Jul 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +3.1% $0.000000 20,474 24 Jul 2024 Direct
transaction ADBE Common Stock Tax liability $177,898 -335 -1.6% $531.04 20,139 24 Jul 2024 Direct F1
transaction ADBE Common Stock Sale $258,297 -481 -2.4% $537.00 19,658 25 Jul 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% $0.000000 939 24 Jul 2024 Common Stock 469 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -14% $0.000000 3,635 24 Jul 2024 Common Stock 606 $0.000000 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.