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

Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Oct 2024
Net transactions value
-$518,867
Form type
4
Filing time
28 Oct 2024, 17:12:37 UTC
Previous filing
17 Oct 2024
Next filing
06 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +469 +2.6% $0.000000 18,597 24 Oct 2024 Direct
transaction ADBE Common Stock Tax liability $125,063 -259 -1.4% $482.87 18,338 24 Oct 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +605 +3.3% $0.000000 18,943 24 Oct 2024 Direct
transaction ADBE Common Stock Tax liability $161,279 -334 -1.8% $482.87 18,609 24 Oct 2024 Direct F1
transaction ADBE Common Stock Sale $232,525 -481 -2.6% $483.42 18,128 25 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 -469 -50% $0.000000 470 24 Oct 2024 Common Stock 469 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -605 -17% $0.000000 3,030 24 Oct 2024 Common Stock 605 $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 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.