ADOBE INC. — Director's Dealing 2021

Jul 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2021-07-24

Reporting Person: NARAYEN SHANTANU (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-24	Common Stock	M	2578	—	Acquired	370109	Indirect
2021-07-24	Common Stock	F	1278	$625.87	Disposed	368831	Indirect
2021-07-24	Common Stock	M	1757	—	Acquired	370588	Indirect
2021-07-24	Common Stock	F	871	$625.87	Disposed	369717	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-24	Restricted Stock Unit	$0.0	M	2578	Disposed		Common Stock (2578.0)	Direct
2021-07-24	Restricted Stock Unit	$0.0	M	1757	Disposed		Common Stock (1757.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	74.754	Direct

Footnotes

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: Includes 74.754 shares acquired on June 30, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.

F4: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

F5: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.