ADOBE INC. — Director's Dealing 2023

Jan 26, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2023-01-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-24	Common Stock	M	3178	—	Acquired	21923.0204	Direct
2023-01-24	Common Stock	F	1246	$361.32	Disposed	20677.0204	Direct
2023-01-24	Common Stock	M	258	—	Acquired	20935.0204	Direct
2023-01-24	Common Stock	F	105	$361.32	Disposed	20830.0204	Direct
2023-01-24	Common Stock	M	316	—	Acquired	21146.0204	Direct
2023-01-24	Common Stock	F	112	$361.32	Disposed	21034.0204	Direct
2023-01-24	Common Stock	M	402	—	Acquired	21436.0204	Direct
2023-01-24	Common Stock	F	199	$361.32	Disposed	21237.0204	Direct
2023-01-24	Common Stock	M	1697	—	Acquired	22934.0204	Direct
2023-01-24	Common Stock	F	841	$361.32	Disposed	22093.0204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-24	Performance Shares	$0.0	M	3178	Disposed		Common Stock (3178.0)	Direct
2023-01-24	Restricted Stock Units	$0.0	M	258	Disposed		Common Stock (258.0)	Direct
2023-01-24	Restricted Stock Units	$0.0	M	316	Disposed		Common Stock (316.0)	Direct
2023-01-24	Restricted Stock Units	$0.0	M	402	Disposed		Common Stock (402.0)	Direct
2023-01-24	Restricted Stock Units	$0.0	M	1697	Disposed		Common Stock (1697.0)	Direct
2023-01-24	Performance Shares	$0.0	A	24624	Acquired		Common Stock (24624.0)	Direct
2023-01-24	Restricted Stock Units	$0.0	A	12312	Acquired		Common Stock (12312.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	667	Indirect

Footnotes

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

F2: Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.

F3: The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.

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.

F7: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

F8: 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.

F9: The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.

F10: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.