ADOBE INC. - Director's Dealing 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2020-10-24

Reporting Person: Murphy John Francis (EVP and CFO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-24	Common Stock	M	774	—	Acquired	16266	Direct
2020-10-24	Common Stock	F	383	$488.50	Disposed	15883	Direct
2020-10-26	Common Stock	S	4000	$480.90	Disposed	11883	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-24	Restricted Stock Units	$0.0	M	774	Disposed		Common Stock (774.0)	Direct

F1: These shares were surrendered to pay tax liability due at vesting and were based on the closing price on 10/23/2020.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 17, 2020.

F3: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.