ADOBE INC. — Director's Dealing 2023

Jan 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2023-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-20	Common Stock	S	2755	$343.5988	Disposed	421111	Indirect
2023-01-20	Common Stock	S	1170	$344.5984	Disposed	419941	Indirect
2023-01-20	Common Stock	S	1932	$345.3858	Disposed	418009	Indirect
2023-01-20	Common Stock	S	1548	$346.6247	Disposed	416461	Indirect
2023-01-20	Common Stock	S	4064	$347.7469	Disposed	412397	Indirect
2023-01-20	Common Stock	S	2040	$348.686	Disposed	410357	Indirect
2023-01-20	Common Stock	S	1491	$349.3855	Disposed	408866	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	119.0511	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $343.00 to $343.965. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F2: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

F3: This transaction was executed in multiple trades at prices ranging from $344.07 to $345.03. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F4: This transaction was executed in multiple trades at prices ranging from $345.09 to $346.05. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F5: This transaction was executed in multiple trades at prices ranging from $346.13 to $347.08. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F6: This transaction was executed in multiple trades at prices ranging from $347.175 to $348.145. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F7: This transaction was executed in multiple trades at prices ranging from $348.17 to $349.02. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.

F8: This transaction was executed in multiple trades at prices ranging from $349.18 to $349.60. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.