ADOBE INC. — Director's Dealing 2023

Jul 26, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2023-07-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-24	Common Stock	M	1756	—	Acquired	406218	Indirect
2023-07-24	Common Stock	F	870	$523.86	Disposed	405348	Indirect
2023-07-24	Common Stock	M	1307	—	Acquired	406655	Indirect
2023-07-24	Common Stock	F	648	$523.86	Disposed	406007	Indirect
2023-07-24	Common Stock	M	1254	—	Acquired	407261	Indirect
2023-07-24	Common Stock	F	621	$523.86	Disposed	406640	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-24	Restricted Stock Units	$0	M	1756	Disposed		Common Stock (1756)	Direct
2023-07-24	Restricted Stock Units	$0	M	1307	Disposed		Common Stock (1307)	Direct
2023-07-24	Restricted Stock Units	$0	M	1254	Disposed		Common Stock (1254)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	193.2521	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: Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.

F4: Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.

F5: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.