David Wadhwani - 14 Jun 2023 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 Jun 2023
Transactions value $
-$459,390
Form type
4
Filing time
15 Jun 2023, 17:47:36 UTC
Previous filing
26 Apr 2023
Next filing
18 Jul 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 +21% $0 11,267 14 Jun 2023 Direct
transaction ADBE Common Stock Tax liability -$459,389 -958 -8.5% $479.53 10,309 14 Jun 2023 Direct F1
holding ADBE Common Stock 355 14 Jun 2023 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 -11% $0 15,462 14 Jun 2023 Common Stock 1,933 $0 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 All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006 of which the reporting person is a trustee with exception of 92 shares in trust for the benefit of Mr. Wadhwani's children.
F3 Vests 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.