[Form 4] ADOBE INC. Insider Trading Activity

Rhea-AI Filing Summary

Adobe (ADBE) Form 4: EVP and Chief People Officer reported routine RSU vesting and related share withholding on 10/15/2025. RSUs converted into common stock in three tranches of 769, 442, and 724 shares (code M, at $0), with shares withheld to cover taxes of 381, 219, and 358 at $330.63 (code F). Following these transactions, directly owned shares were 40,049.112. An additional 667 shares are held indirectly by a trust. Remaining RSUs reported include awards continuing to vest quarterly from January 15, 2023, 2024, and 2025.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chen Gloria

(Last) (First) (Middle)

ADOBE INC.

345 PARK AVENUE

(Street)

SAN JOSE CA 95110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ADOBE INC. [ ADBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2025		M		769	A	$0	39,841.112	D
Common Stock	10/15/2025		F		381(1)	D	$330.63	39,460.112	D
Common Stock	10/15/2025		M		442	A	$0	39,902.112	D
Common Stock	10/15/2025		F		219(1)	D	$330.63	39,683.112	D
Common Stock	10/15/2025		M		724	A	$0	40,407.112	D
Common Stock	10/15/2025		F		358(1)	D	$330.63	40,049.112	D
Common Stock								667	I	by trust(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	10/15/2025		M			769	(3)	(3)	Common Stock	769	$0	3,848	D
Restricted Stock Units	$0	10/15/2025		M			442	(4)	(4)	Common Stock	442	$0	3,982	D
Restricted Stock Units	$0	10/15/2025		M			724	(5)	(5)	Common Stock	724	$0	9,419	D

Explanation of Responses:

1. Shares surrendered to pay tax liability due at vesting.

2. Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.

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

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

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

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	10/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Adobe (ADBE) disclose in this Form 4?

An officer reported RSU vesting (codes M) and share withholding for taxes (codes F) on 10/15/2025.

How many Adobe shares vested and were withheld for taxes?

Vesting totaled 769, 442, and 724 shares; tax withholding was 381, 219, and 358 at $330.63.

What is the officer’s Adobe share ownership after the transactions?

Direct ownership is 40,049.112 shares; 667 shares are held indirectly by a trust.

What do transaction codes M and F mean here?

Code M reflects RSU conversion to common stock; code F reflects shares surrendered to pay tax liabilities due at vesting.

What are the RSU vesting schedules noted?

Awards vest 6.25% quarterly from commencement dates of Jan 15, 2023, Jan 15, 2024, and Jan 15, 2025.

Is there a 10b5-1 plan mentioned?

The form includes a checkbox referencing transactions under Rule 10b5-1(c); the presence of a check is not stated in the excerpt.