David Wadhwani - 14 Jun 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, Digital Media
Signature
/s/ Jillian Forusz, as attorney-in-fact
Issuer symbol
ADBE
Transactions as of
14 Jun 2024
Transactions value $
-$503,247
Form type
4
Filing time
18 Jun 2024, 17:28:21 UTC
Previous filing
25 Apr 2024
Next filing
17 Jul 2024
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 +19% $0 12,313 14 Jun 2024 Direct
transaction ADBE Common Stock Tax liability -$503,246 -958 -7.8% $525.31 11,355 14 Jun 2024 Direct F1
holding ADBE Common Stock 355 14 Jun 2024 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 -20% $0 7,731 14 Jun 2024 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 the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.
F3 Vests 25% on the first anniversary of the June 14, 2021 vesting commencement date and then 6.25% quarterly thereafter.