ADOBE INC. - Director's Dealing 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2022-07-24

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-07-24	Common Stock	M	2578	—	Acquired	420754	Indirect
2022-07-24	Common Stock	F	1278	$401.90	Disposed	419476	Indirect
2022-07-24	Common Stock	M	1757	—	Acquired	421233	Indirect
2022-07-24	Common Stock	F	871	$401.90	Disposed	420362	Indirect
2022-07-24	Common Stock	M	1307	—	Acquired	421669	Indirect
2022-07-24	Common Stock	F	648	$401.90	Disposed	421021	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Underlying	Ownership
2022-07-24	Restricted Stock Units	$0.0	M	2578	Disposed	Common Stock (2578.0)	Direct
2022-07-24	Restricted Stock Units	$0.0	M	1757	Disposed	Common Stock (1757.0)	Direct
2022-07-24	Restricted Stock Units	$0.0	M	1307	Disposed	Common Stock (1307.0)	Direct

Security	Shares	Ownership
Common Stock	119.0511	Direct

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 44.2971 shares acquired on June 30, 2022 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.

F6: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.