Mark S. Garfield - 24 Jan 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Reporting relationship: SVP & CAO
Issuer ticker: ADBE
Reported as of: 24 Jan 2024
Net transaction value: -$954,973
SEC form: 4
Accepted by SEC: 26 Jan 2024, 19:41:34 UTC
Prior SEC filing: 17 Jan 2024
Next SEC filing: 19 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Allison Blais, as attorney-in-fact

Key filing fact

Mark S. Garfield filed Form 4 for ADOBE INC. (ADBE) on 26 Jan 2024.

Key facts

This page summarizes Mark S. Garfield's Form 4 filing for ADOBE INC. (ADBE).
14 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 26 Jan 2024, 19:41.

Change

Previous filing in this sequence was filed on 17 Jan 2024.
Current net transaction value: -$954,973.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ADBE transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +1,335
Change %: +33%
Price: $0.000000
Shares after: 5,390
Date: 24 Jan 2024
Ownership: Direct

ADBE transaction

Common Stock

Tax liability

Transaction value: $400,883
Shares: -661
Change %: -12%
Price: $606.48
Shares after: 4,729
Date: 24 Jan 2024
Ownership: Direct
Footnotes: F1

ADBE transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +36
Change %: +0.76%
Price: $0.000000
Shares after: 4,765
Date: 24 Jan 2024
Ownership: Direct

ADBE transaction

Common Stock

Tax liability

Transaction value: $11,523
Shares: -19
Change %: -0.4%
Price: $606.48
Shares after: 4,746
Date: 24 Jan 2024
Ownership: Direct
Footnotes: F1

ADBE transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +101
Change %: +2.1%
Price: $0.000000
Shares after: 4,847
Date: 24 Jan 2024
Ownership: Direct

ADBE transaction

Common Stock

Tax liability

Transaction value: $30,324
Shares: -50
Change %: -1%
Price: $606.48
Shares after: 4,797
Date: 24 Jan 2024
Ownership: Direct
Footnotes: F1

ADBE transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +91
Change %: +1.9%
Price: $0.000000
Shares after: 4,888
Date: 24 Jan 2024
Ownership: Direct

ADBE transaction

Common Stock

Tax liability

Transaction value: $27,292
Shares: -45
Change %: -0.92%
Price: $606.48
Shares after: 4,843
Date: 24 Jan 2024
Ownership: Direct
Footnotes: F1

ADBE transaction

Common Stock

Sale

Transaction value: $484,951
Shares: -788
Change %: -16%
Price: $615.42
Shares after: 4,055
Date: 25 Jan 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ADBE transaction Derivative

Performance Shares

Options Exercise

Transaction value: $0
Shares: -1,335
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 24 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,335
Exercise price: $0.000000
Footnotes: F3

ADBE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -36
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 24 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 36
Exercise price: $0.000000
Footnotes: F4

ADBE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -101
Change %: -20%
Price: $0.000000
Shares after: 402
Date: 24 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 101
Exercise price: $0.000000
Footnotes: F5

ADBE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -91
Change %: -11%
Price: $0.000000
Shares after: 728
Date: 24 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 91
Exercise price: $0.000000
Footnotes: F6

ADBE transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +1,749
Change %
Price: $0.000000
Shares after: 1,749
Date: 24 Jan 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,749
Exercise price: $0.000000
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 7 footnotes

Footnote F1

Shares surrendered to pay tax liability due at vesting.

Footnote F2

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person May 5, 2023.

Footnote F3

The Performance Shares vested in full upon the certification of performance goal achievement at 83% following the three-year anniversary of the January 24, 2021 vesting commencement date.

Footnote F4

Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.

Footnote F5

Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.

Footnote F6

Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

Footnote F7

Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.