Scott Belsky - 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 $
-$4,095,592
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 -470 -100% $0.00 0 Jan 24, 2025 Common Stock 470 $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -20% $0.00 2.42K Jan 24, 2025 Common Stock 606 $0.00 Direct F5
transaction ADBE Restricted Stock Units Award $0 +3.5K $0.00 3.5K Jan 24, 2025 Common Stock 3.5K $0.00 Direct F6
transaction ADBE Restricted Stock Units Award $0 +2.02K $0.00 2.02K Jan 24, 2025 Common Stock 2.02K $0.00 Direct F7
* 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 of Restricted Stock Units.
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 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, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
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.