Anil Chakravarthy - Jan 24, 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 24, 2023
Transactions value $
-$2,167,920
Form type
4
Date filed
1/26/2023, 03:59 PM
Previous filing
Jan 10, 2023
Next filing
Apr 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +9.08K +47.99% $0.00 28K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$1.63M -4.5K -16.08% $361.32 23.5K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +603 +2.57% $0.00 24.1K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$108K -298 -1.24% $361.32 23.8K Jan 24, 2023 Direct F1
transaction ADBE Common Stock Options Exercise $0 +2.42K +10.18% $0.00 26.2K Jan 24, 2023 Direct
transaction ADBE Common Stock Tax liability -$434K -1.2K -4.58% $361.32 25K Jan 24, 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 Performance Shares Options Exercise $0 -9.08K -100% $0.00* 0 Jan 24, 2023 Common Stock 9.08K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -603 -11.11% $0.00 4.83K Jan 24, 2023 Common Stock 603 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -2.42K -25.01% $0.00 7.27K Jan 24, 2023 Common Stock 2.42K $0.00 Direct F4
transaction ADBE Performance Shares Award $0 +56.8K $0.00 56.8K Jan 24, 2023 Common Stock 56.8K $0.00 Direct F5, F6
transaction ADBE Restricted Stock Units Award $0 +12.2K $0.00 12.2K Jan 24, 2023 Common Stock 12.2K $0.00 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 The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.
F3 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F4 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F5 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.
F6 The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.
F7 Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.