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ADOBE INC. — Director's Dealing 2026
Jan 16, 2026
29815_dirs_2026-01-16_835252c6-deb5-498d-9115-f4d2e65c104a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ADOBE INC. (ADBE)
CIK: 0000796343
Period of Report: 2026-01-14
Reporting Person: NARAYEN SHANTANU (Director, Chair and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-01-15 | Common Stock | M | 2200 | — | Acquired | 394754 | Indirect |
| 2026-01-15 | Common Stock | F | 1108 | $304.09 | Disposed | 393646 | Indirect |
| 2026-01-15 | Common Stock | M | 1265 | — | Acquired | 394911 | Indirect |
| 2026-01-15 | Common Stock | F | 627 | $304.09 | Disposed | 394284 | Indirect |
| 2026-01-15 | Common Stock | M | 1978 | — | Acquired | 396262 | Indirect |
| 2026-01-15 | Common Stock | F | 980 | $304.09 | Disposed | 395282 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-01-14 | Restricted Stock Units | $0 | A | 32027 | Acquired | Common Stock (32027) | Direct | |
| 2026-01-14 | Restricted Stock Units | $0 | A | 7789 | Acquired | Common Stock (7789) | Direct | |
| 2026-01-14 | Restricted Stock Units | $0 | A | 12182 | Acquired | Common Stock (12182) | Direct | |
| 2026-01-15 | Restricted Stock Units | $0 | M | 2200 | Disposed | Common Stock (2200) | Direct | |
| 2026-01-15 | Restricted Stock Units | $0 | M | 1265 | Disposed | Common Stock (1265) | Direct | |
| 2026-01-15 | Restricted Stock Units | $0 | M | 1978 | Disposed | Common Stock (1978) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 324.143 | 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: Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
F4: Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.
F5: Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date.
F6: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
F7: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
F8: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.