Anil Chakravarthy - Jan 24, 2024 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, 2024
Transactions value $
-$2,771,007
Form type
4
Date filed
1/26/2024, 07:37 PM
Previous filing
Jan 17, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +8.01K +28.15% $0.00 36.5K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$2.41M -3.97K -10.89% $606.48 32.5K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +603 +1.86% $0.00 33.1K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$181K -298 -0.9% $606.48 32.8K Jan 24, 2024 Direct F1
transaction ADBE Common Stock Options Exercise $0 +606 +1.85% $0.00 33.4K Jan 24, 2024 Direct
transaction ADBE Common Stock Tax liability -$182K -300 -0.9% $606.48 33.1K Jan 24, 2024 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 -8.01K -100% $0.00* 0 Jan 24, 2024 Common Stock 8.01K $0.00 Direct F2
transaction ADBE Restricted Stock Units Options Exercise $0 -603 -19.99% $0.00 2.41K Jan 24, 2024 Common Stock 603 $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -606 -11.11% $0.00 4.85K Jan 24, 2024 Common Stock 606 $0.00 Direct F4
transaction ADBE Restricted Stock Units Award $0 +6.99K $0.00 6.99K Jan 24, 2024 Common Stock 6.99K $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 The Performance Shares vested in full upon the certification of performance goal achievement at 83% following the three-year anniversary of the January 24, 2021 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 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.