Shantanu Narayen - 24 Jan 2025 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
Chair and CEO, Director
Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2025
Net transactions value
-$8,535,625
Form type
4
Filing time
28 Jan 2025, 16:58:56 UTC
Previous filing
17 Jan 2025
Next filing
02 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +36,987 +10% $0.000000 399,463 24 Jan 2025 by trust F1
transaction ADBE Common Stock Tax liability $7,983,128 -18,336 -4.6% $435.38 381,127 24 Jan 2025 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,307 +0.34% $0.000000 382,434 24 Jan 2025 by trust F1
transaction ADBE Common Stock Tax liability $282,126 -648 -0.17% $435.38 381,786 24 Jan 2025 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1,254 +0.33% $0.000000 383,040 24 Jan 2025 by trust F1
transaction ADBE Common Stock Tax liability $270,371 -621 -0.16% $435.38 382,419 24 Jan 2025 by trust F1, F2
holding ADBE Common Stock 267 24 Jan 2025 Direct

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 -36,987 -100% $0.000000 0 24 Jan 2025 Common Stock 36,987 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -1,307 -100% $0.000000 0 24 Jan 2025 Common Stock 1,307 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1,254 -20% $0.000000 5,017 24 Jan 2025 Common Stock 1,254 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Award $0 +31,645 $0.000000 31,645 24 Jan 2025 Common Stock 31,645 $0.000000 Direct F6
transaction ADBE Restricted Stock Units Award $0 +18,066 $0.000000 18,066 24 Jan 2025 Common Stock 18,066 $0.000000 Direct F7
transaction ADBE Restricted Stock Units Award $0 +10,387 $0.000000 10,387 24 Jan 2025 Common Stock 10,387 $0.000000 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2 Shares surrendered to pay tax liability due at vesting of Restricted Stock Units.
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 Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F7 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.
F8 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.