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

Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
15 Oct 2024
Net transactions value
-$1,582,091
Form type
4
Filing time
17 Oct 2024, 17:47:46 UTC
Previous filing
01 Aug 2024
Next filing
28 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +996 +5.1% $0.000000 20,654 15 Oct 2024 Direct
transaction ADBE Common Stock Tax liability $279,416 -550 -2.7% $508.03 20,104 15 Oct 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +573 +2.9% $0.000000 20,677 15 Oct 2024 Direct
transaction ADBE Common Stock Tax liability $160,537 -316 -1.5% $508.03 20,361 15 Oct 2024 Direct F1
transaction ADBE Common Stock Sale $786,145 -1,530 -7.5% $513.82 18,831 15 Oct 2024 Direct F2
transaction ADBE Common Stock Sale $355,992 -703 -3.7% $506.39 18,128 16 Oct 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% $0.000000 8,963 15 Oct 2024 Common Stock 996 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -573 -7.1% $0.000000 7,442 15 Oct 2024 Common Stock 573 $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 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.