Belsky Scott - 24 Oct 2021 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CPO, Creative Cloud
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Oct 2021
Transactions value $
-$517,438
Form type
4
Filing time
26 Oct 2021, 17:10:18 UTC
Previous filing
27 Sep 2021
Next filing
21 Dec 2021
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 +773 +3.27% $0.00 24.4K 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability -$285K -443 -1.81% $643.58 24K 24 Oct 2021 Direct F1
transaction ADBE Common Stock Options Exercise $0 +630 +2.63% $0.00 24.6K 24 Oct 2021 Direct
transaction ADBE Common Stock Tax liability -$232K -361 -1.47% $643.58 24.2K 24 Oct 2021 Direct F1

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 -773 -16.66% $0.00 3.87K 24 Oct 2021 Common Stock 773 $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -630 -9.99% $0.00 5.68K 24 Oct 2021 Common Stock 630 $0.00 Direct F3
* 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 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F3 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.