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: Forusz Jillian (SVP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-15	Common Stock	M	60	—	Acquired	3248.156	Direct
2025-07-15	Common Stock	F	29	$364.18	Disposed	3219.156	Direct
2025-07-15	Common Stock	M	35	—	Acquired	3254.156	Direct
2025-07-15	Common Stock	F	17	$364.18	Disposed	3237.156	Direct
2025-07-15	Common Stock	M	22	—	Acquired	3259.156	Direct
2025-07-15	Common Stock	F	10	$364.18	Disposed	3249.156	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-15	Restricted Stock Units	$0	M	60	Disposed		Common Stock (60)	Direct
2025-07-15	Restricted Stock Units	$0	M	35	Disposed		Common Stock (35)	Direct
2025-07-15	Restricted Stock Units	$0	M	22	Disposed		Common Stock (22)	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.