ADOBE INC. — Director's Dealing 2025

Jul 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2025-07-15

Reporting Person: Durn Daniel (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-15	Common Stock	M	1131	—	Acquired	32703.787	Direct
2025-07-15	Common Stock	F	592	$364.18	Disposed	32111.787	Direct
2025-07-15	Common Stock	M	651	—	Acquired	32762.787	Direct
2025-07-15	Common Stock	F	340	$364.18	Disposed	32422.787	Direct
2025-07-15	Common Stock	M	1051	—	Acquired	33473.787	Direct
2025-07-15	Common Stock	F	550	$364.18	Disposed	32923.787	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-15	Restricted Stock Units	$0	M	1131	Disposed		Common Stock (1131)	Direct
2025-07-15	Restricted Stock Units	$0	M	651	Disposed		Common Stock (651)	Direct
2025-07-15	Restricted Stock Units	$0	M	1051	Disposed		Common Stock (1051)	Direct

Footnotes

F1: Includes 56.689 shares acquired on June 30, 2025 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended.

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.