David Wadhwani - Jan 24, 2025 Form 4 Insider Report for ADOBE INC. (ADBE)

Signature
/s/ Jillian Forusz, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2025
Transactions value $
-$1,707,125
Form type
4
Date filed
1/28/2025, 04:58 PM
Previous filing
Jan 17, 2025

Transactions Table

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 -7.66K -100% $0.00 0 Jan 24, 2025 Common Stock 7.66K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -20% $0.00 2.42K Jan 24, 2025 Common Stock 606 $0.00 Direct F4
transaction ADBE Restricted Stock Units Award $0 +11.1K $0.00 11.1K Jan 24, 2025 Common Stock 11.1K $0.00 Direct F5
transaction ADBE Restricted Stock Units Award $0 +6.24K $0.00 6.24K Jan 24, 2025 Common Stock 6.24K $0.00 Direct F6
transaction ADBE Restricted Stock Units Award $0 +3.59K $0.00 3.59K Jan 24, 2025 Common Stock 3.59K $0.00 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares surrendered to pay tax liability due at vesting.
F2 All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.
F3 The Performance Shares vested in full upon certification of performance goal achievements under the 2022 Performance Share Program on the three-year anniversary of the January 24, 2022 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F6 Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F7 Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.