Anil Chakravarthy - Jan 9, 2023 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 9, 2023
Transactions value $: -$1,876,102
Form type: 4
Date filed: 1/10/2023, 03:33 PM
Previous filing: Oct 26, 2022
Next filing: Jan 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADBE	Common Stock	Options Exercise	$0	+11K	+82.32%	$0.00	24.4K	Jan 9, 2023	Direct
transaction	ADBE	Common Stock	Tax liability	-$1.88M	-5.49K	-22.48%	$341.98	18.9K	Jan 9, 2023	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	-11K	-100%	$0.00^*	0	Jan 9, 2023	Common Stock	11K	$0.00	Direct	F2

* 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 at a rate of 1/3 annually on the first, second, and third anniversaries of the January 9, 2019 vesting commencement date; in the event that, within one year of the vesting commencement date, the reporting person is terminated without Cause or if the reporting person terminates service for Good Reason, 16,528 restricted stock units will become vested.