ADOBE INC. — Director's Dealing 2022

Jan 26, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2022-01-24

Reporting Person: Garfield Mark S. (SVP, CAO & Corp. Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-24	Common Stock	M	36	—	Acquired	1143.5102	Direct
2022-01-24	Common Stock	F	20	$519.66	Disposed	1123.5102	Direct
2022-01-24	Common Stock	M	403	—	Acquired	1526.5102	Direct
2022-01-24	Common Stock	F	210	$519.66	Disposed	1316.5102	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-24	Restricted Stock Units	$0.0	M	36	Disposed		Common Stock (36.0)	Direct
2022-01-24	Restricted Stock Units	$0.0	M	403	Disposed		Common Stock (403.0)	Direct
2022-01-24	Performance Shares	$0.0	A	2910	Acquired		Common Stock (2910.0)	Direct
2022-01-24	Restricted Stock Units	$0.0	A	1455	Acquired		Common Stock (1455.0)	Direct

Footnotes

F1: Shares surrendered to pay tax liability due at vesting.

F2: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.

F3: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.

F4: Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.

F5: The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2022 vesting commencement date if the performance goals are achieved.

F6: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.