ADOBE INC. — Director's Dealing 2025

Oct 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2025-10-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-15	Common Stock	M	2200	—	Acquired	391375	Indirect
2025-10-15	Common Stock	F	1090	$330.63	Disposed	390285	Indirect
2025-10-15	Common Stock	M	1264	—	Acquired	391549	Indirect
2025-10-15	Common Stock	F	626	$330.63	Disposed	390923	Indirect
2025-10-15	Common Stock	M	1978	—	Acquired	392901	Indirect
2025-10-15	Common Stock	F	980	$330.63	Disposed	391921	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-15	Restricted Stock Units	$0	M	2200	Disposed		Common Stock (2200)	Direct
2025-10-15	Restricted Stock Units	$0	M	1264	Disposed		Common Stock (1264)	Direct
2025-10-15	Restricted Stock Units	$0	M	1978	Disposed		Common Stock (1978)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	324.143	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 6.25% quarterly from the vesting commencement date of January 15, 2023.

F4: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.

F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.