Shantanu Narayen - Jan 24, 2024 Form 4 Insider Report for ADOBE INC. (ADBE)

Role
Chair and CEO, Director
Signature
/s/ Allison Blais, as attorney-in-fact
Stock symbol
ADBE
Transactions as of
Jan 24, 2024
Transactions value $
-$13,473,560
Form type
4
Date filed
1/26/2024, 07:39 PM
Previous filing
Jan 17, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADBE Common Stock Options Exercise $0 +40.5K +10.68% $0.00 420K Jan 24, 2024 by trust F1
transaction ADBE Common Stock Tax liability -$12.2M -20.1K -4.79% $606.48 399K Jan 24, 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1.76K +0.44% $0.00 401K Jan 24, 2024 by trust F1
transaction ADBE Common Stock Tax liability -$528K -871 -0.22% $606.48 400K Jan 24, 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1.31K +0.33% $0.00 402K Jan 24, 2024 by trust F1
transaction ADBE Common Stock Tax liability -$393K -648 -0.16% $606.48 401K Jan 24, 2024 by trust F1, F2
transaction ADBE Common Stock Options Exercise $0 +1.25K +0.31% $0.00 402K Jan 24, 2024 by trust F1
transaction ADBE Common Stock Tax liability -$377K -621 -0.15% $606.48 402K Jan 24, 2024 by trust F1, F2
holding ADBE Common Stock 193 Jan 24, 2024 Direct

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 -40.5K -100% $0.00* 0 Jan 24, 2024 Common Stock 40.5K $0.00 Direct F3
transaction ADBE Restricted Stock Units Options Exercise $0 -1.76K -100% $0.00* 0 Jan 24, 2024 Common Stock 1.76K $0.00 Direct F4
transaction ADBE Restricted Stock Units Options Exercise $0 -1.31K -20% $0.00 5.23K Jan 24, 2024 Common Stock 1.31K $0.00 Direct F5
transaction ADBE Restricted Stock Units Options Exercise $0 -1.25K -11.11% $0.00 10K Jan 24, 2024 Common Stock 1.25K $0.00 Direct F6
transaction ADBE Restricted Stock Units Award $0 +20.2K $0.00 20.2K Jan 24, 2024 Common Stock 20.2K $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 held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F2 Shares surrendered to pay tax liability due at vesting.
F3 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.
F4 Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.
F5 Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.
F6 Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.
F7 Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.