ADOBE INC. — Director's Dealing 2025

Apr 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2025-04-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-04-15	Common Stock	M	2199	—	Acquired	384618	Indirect
2025-04-15	Common Stock	F	1090	$350.38	Disposed	383528	Indirect
2025-04-15	Common Stock	M	1264	—	Acquired	384792	Indirect
2025-04-15	Common Stock	F	626	$350.38	Disposed	384166	Indirect
2025-04-15	Common Stock	M	1977	—	Acquired	386143	Indirect
2025-04-15	Common Stock	F	980	$350.38	Disposed	385163	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-04-15	Restricted Stock Units	$0	M	2199	Disposed		Common Stock (2199)	Direct
2025-04-15	Restricted Stock Units	$0	M	1264	Disposed		Common Stock (1264)	Direct
2025-04-15	Restricted Stock Units	$0	M	1977	Disposed		Common Stock (1977)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	267.454	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.