ADOBE INC. — Director's Dealing 2026

Jan 27, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2026-01-24

Reporting Person: Wadhwani David (President, C&P)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-24	Common Stock	M	606	—	Acquired	27918.091	Direct
2026-01-24	Common Stock	F	209	$301.07	Disposed	27709.091	Direct
2026-01-24	Common Stock	M	23607	—	Acquired	51316.091	Direct
2026-01-24	Common Stock	F	11582	$301.07	Disposed	39734.091	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-24	Restricted Stock Units	$0	M	606	Disposed		Common Stock (606)	Direct
2026-01-24	Performance Shares	$0	M	23607	Disposed		Common Stock (23607)	Direct
2026-01-26	Restricted Stock Units	$0	A	18086	Acquired		Common Stock (18086)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	355	Indirect

Footnotes

F1: Shares surrendered to pay tax liability due at vesting.

F2: 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.

F3: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

F4: Represents shares earned under the 2023 Performance Share Program that vested in full on the three-year anniversary of the January 24, 2023 vesting commencement date.

F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.