David Wadhwani - 24 Jan 2025 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: 24 Jan 2025
Net transactions value: -$1,707,125
Form type: 4
Filing time: 28 Jan 2025, 16:58:23 UTC
Previous filing: 17 Jan 2025
Next filing: 17 Mar 2025
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	+7,656	+48%	$0.000000	23,622	24 Jan 2025	Direct
transaction	ADBE	Common Stock	Tax liability	$1,616,131	-3,712	-16%	$435.38	19,910	24 Jan 2025	Direct	F1
transaction	ADBE	Common Stock	Options Exercise	$0	+606	+3%	$0.000000	20,516	24 Jan 2025	Direct
transaction	ADBE	Common Stock	Tax liability	$90,994	-209	-1%	$435.38	20,307	24 Jan 2025	Direct	F1
holding	ADBE	Common Stock						355	24 Jan 2025	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	-7,656	-100%	$0.000000	0	24 Jan 2025	Common Stock	7,656	$0.000000	Direct	F3
transaction	ADBE	Restricted Stock Units	Options Exercise	$0	-606	-20%	$0.000000	2,424	24 Jan 2025	Common Stock	606	$0.000000	Direct	F4
transaction	ADBE	Restricted Stock Units	Award	$0	+11,128		$0.000000	11,128	24 Jan 2025	Common Stock	11,128	$0.000000	Direct	F5
transaction	ADBE	Restricted Stock Units	Award	$0	+6,244		$0.000000	6,244	24 Jan 2025	Common Stock	6,244	$0.000000	Direct	F6
transaction	ADBE	Restricted Stock Units	Award	$0	+3,590		$0.000000	3,590	24 Jan 2025	Common Stock	3,590	$0.000000	Direct	F7

* 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	The Performance Shares vested in full upon certification of performance goal achievements under the 2022 Performance Share Program on the three-year anniversary of the January 24, 2022 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F4	Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F5	Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F6	Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F7	Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2024 Net New Sales goal portion of the award certified on January 24, 2025, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.