David Wadhwani - 14 Dec 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
14 Dec 2022
Transactions value $
-$325,643
Form type
4
Filing time
15 Dec 2022, 18:39:11 UTC
Previous filing
16 Sep 2022
Next filing
26 Jan 2023
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 +1,933 +37.7% $0.000000 7,057 14 Dec 2022 Direct
transaction ADBE Common Stock Tax liability -$325,643 -958 -13.6% $339.92 6,099 14 Dec 2022 Direct F1
holding ADBE Common Stock 355 14 Dec 2022 By Trust F2

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 -1,933 -9.09% $0.000000 19,328 14 Dec 2022 Common Stock 1,933 $0.000000 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 Shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee.
F3 Vests 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.