ADOBE INC. - Director's Dealing 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2021-07-23

Reporting Person: Chen Gloria (EVP, Chief People Officer)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-23	Common Stock	S	43	$625.76	Disposed	11582.5102	Direct
2021-07-24	Common Stock	M	258	—	Acquired	11840.5102	Direct
2021-07-24	Common Stock	F	127	$625.87	Disposed	11713.5102	Direct
2021-07-24	Common Stock	M	315	—	Acquired	12028.5102	Direct
2021-07-24	Common Stock	F	156	$625.87	Disposed	11872.5102	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-24	Restricted Stock Units	$0.0	M	258	Disposed		Common Stock (258.0)	Direct
2021-07-24	Restricted Stock Units	$0.0	M	315	Disposed		Common Stock (315.0)	Direct

Security	Shares	Ownership
Common Stock	667	Indirect

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person December 22, 2020.

F2: Includes 51.5102 shares acquired on June 30, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.

F3: Shares surrendered to pay tax liability due at vesting.

F4: Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.

F5: Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.

F6: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.