David Wadhwani - 14 Sep 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 Sep 2024
Net transactions value
-$513,785
Form type
4
Filing time
17 Sep 2024, 17:54:44 UTC
Previous filing
26 Jul 2024
Next filing
17 Oct 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 +1,932 +16% $0.000000 14,272 14 Sep 2024 Direct
transaction ADBE Common Stock Tax liability $513,785 -957 -6.7% $536.87 13,315 14 Sep 2024 Direct F1
holding ADBE Common Stock 355 14 Sep 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 -1,932 -25% $0.000000 5,799 14 Sep 2024 Common Stock 1,932 $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 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.