Anil Chakravarthy - Jan 24, 2022 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
President, DX
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2022
Transactions value $
-$621,513
Form type
4
Date filed
1/26/2022, 04:11 PM
Previous filing
Jan 10, 2022
Next filing
Apr 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +2.41K +21.55% $0.00 13.6K Jan 24, 2022 Direct
transaction ADBE Common Stock Tax liability -$622K -1.2K -8.79% $519.66 12.4K Jan 24, 2022 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 Restricted Stock Units Options Exercise $0 -2.41K -25% $0.00 7.24K Jan 24, 2022 Common Stock 2.41K $0.00 Direct F2
transaction ADBE Performance Shares Award $0 +19.4K $0.00 19.4K Jan 24, 2022 Common Stock 19.4K $0.00 Direct F3, F4
transaction ADBE Restricted Stock Units Award $0 +9.69K $0.00 9.69K Jan 24, 2022 Common Stock 9.69K $0.00 Direct F5
* 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 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F3 Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.
F4 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.
F5 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.