Scott Belsky - Oct 15, 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Jillian Forusz, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Oct 15, 2024
Transactions value $
-$1,582,091
Form type
4
Date filed
10/17/2024, 05:47 PM
Previous filing
Aug 1, 2024
Next filing
Oct 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +996 +5.07% $0.00 20.7K Oct 15, 2024 Direct
transaction ADBE Common Stock Tax liability -$279K -550 -2.66% $508.03 20.1K Oct 15, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +573 +2.85% $0.00 20.7K Oct 15, 2024 Direct
transaction ADBE Common Stock Tax liability -$161K -316 -1.53% $508.03 20.4K Oct 15, 2024 Direct F1
transaction ADBE Common Stock Sale -$786K -1.53K -7.51% $513.82 18.8K Oct 15, 2024 Direct F2
transaction ADBE Common Stock Sale -$356K -703 -3.73% $506.39 18.1K Oct 16, 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 -996 -10% $0.00 8.96K Oct 15, 2024 Common Stock 996 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -573 -7.15% $0.00 7.44K Oct 15, 2024 Common Stock 573 $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 6.25% quarterly from the vesting commencement date of January 15, 2023.
F4 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.