Ann Lewnes - 24 Jan 2023 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
EVP, CMO, Corp Strategy & Dev
Signature
/s/ Allison Blais, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
24 Jan 2023
Net transactions value
-$1,417,820
Form type
4
Filing time
26 Jan 2023, 16:02:00 UTC
Previous filing
26 Oct 2022
Next filing
03 Feb 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 +5,448 +22% $0.000000 30,230 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $888,486 -2,459 -8.1% $361.32 27,771 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +613 +2.2% $0.000000 28,384 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $83,104 -230 -0.81% $361.32 28,154 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +541 +1.9% $0.000000 28,695 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $67,567 -187 -0.65% $361.32 28,508 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +419 +1.5% $0.000000 28,927 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $74,793 -207 -0.72% $361.32 28,720 24 Jan 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +1,697 +5.9% $0.000000 30,417 24 Jan 2023 Direct
transaction ADBE Common Stock Tax liability $303,870 -841 -2.8% $361.32 29,576 24 Jan 2023 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 Performance Shares Options Exercise $0 -5,448 -100% $0.000000* 0 24 Jan 2023 Common Stock 5,448 $0.000000 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -613 -100% $0.000000* 0 24 Jan 2023 Common Stock 613 $0.000000 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -541 -20% $0.000000 2,162 24 Jan 2023 Common Stock 541 $0.000000 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -419 -11% $0.000000 3,351 24 Jan 2023 Common Stock 419 $0.000000 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1,697 -25% $0.000000 5,089 24 Jan 2023 Common Stock 1,697 $0.000000 Direct F6
* 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 The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.
F3 Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.