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: Wadhwani David (President, Digital Media)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-15	Common Stock	M	761	—	Acquired	24337.091	Direct
2025-07-15	Common Stock	F	377	$364.18	Disposed	23960.091	Direct
2025-07-15	Common Stock	M	437	—	Acquired	24397.091	Direct
2025-07-15	Common Stock	F	216	$364.18	Disposed	24181.091	Direct
2025-07-15	Common Stock	M	696	—	Acquired	24877.091	Direct
2025-07-15	Common Stock	F	345	$364.18	Disposed	24532.091	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-15	Restricted Stock Units	$0	M	761	Disposed		Common Stock (761)	Direct
2025-07-15	Restricted Stock Units	$0	M	437	Disposed		Common Stock (437)	Direct
2025-07-15	Restricted Stock Units	$0	M	696	Disposed		Common Stock (696)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	355	Indirect

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: All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.

F4: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.

F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.

F6: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.