How are the trust-held Adobe shares related to Gloria Chen?

The filing notes that 667 shares of Adobe common stock are held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 , and that Chen is a trustee of this trust, which is why those shares are reported as indirectly beneficially owned.

Adobe (NASDAQ: ADBE) HR chief logs RSU awards, tax share sales

Q: Who is the insider in this Adobe (ADBE) Form 4 filing?

The reporting person is Gloria Chen , who serves as EVP, Chief People Officer of Adobe Inc. . She is an officer of the company but not listed as a director or 10% owner in this filing.

Q: What new equity awards did Adobe (ADBE) grant to Gloria Chen?

On January 14, 2026 , Chen was awarded restricted stock units covering 4,801 , 1,168 , and 1,912 shares of Adobe common stock under the 2023, 2024, and 2025 Performance Share Programs . These RSUs are tied to fiscal year 2025 Net New Sales goals and, for the 4,801-share grant, also to a three-year relative total stockholder return goal.

Q: How and when will these new Adobe RSU awards to Gloria Chen vest?

The RSU awards reported on January 14, 2026 each vest in full on the three-year anniversary of their respective vesting commencement dates of January 24, 2023 , January 24, 2024 , and January 24, 2025 , as described in the performance share program footnotes.

Q: What stock transactions occurred for Gloria Chen on January 15, 2026?

On January 15, 2026 , RSUs were settled into Adobe common stock in three tranches of 770 , 443 , and 725 shares at an exercise price of $0. In connection with these vestings, 298 , 153 , and 250 shares of common stock were surrendered at $304.09 per share to satisfy tax liabilities due at vesting.

Q: How many Adobe (ADBE) shares does Gloria Chen own after these transactions?

Following the reported transactions, Chen directly beneficially owned 41,500.112 shares of Adobe common stock. She also indirectly owned 667 additional shares held by The John Kibarian and Gloria Chen Trust, dated April 8, 2004 , of which she is a trustee.

Q: What does the tax withholding in this Adobe Form 4 represent?

The footnotes state that certain shares, specifically 298 , 153 , and 250 shares of common stock surrendered at $304.09 per share, were "shares surrendered to pay tax liability due at vesting" for the RSUs that vested on January 15, 2026 .

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Adobe Inc. executive Gloria Chen, EVP and Chief People Officer, reported multiple equity award events in mid-January 2026. On January 14, 2026, she received new performance-based restricted stock unit (RSU) awards covering 4,801, 1,168, and 1,912 shares of Adobe common stock under the company’s 2023, 2024, and 2025 Performance Share Programs. These RSUs are tied to fiscal year 2025 Net New Sales and, for one grant, three-year relative total stockholder return goals, and each grant will vest in full on the three-year anniversary of its January 24 vesting commencement date.

On January 15, 2026, RSUs vested and were converted into common stock in three tranches of 770, 443, and 725 shares at an exercise price of $0. To cover tax obligations at vesting, 298, 153, and 250 shares of common stock were surrendered at $304.09 per share. After these transactions, Chen directly beneficially owned 41,500.112 Adobe common shares and indirectly held 667 additional shares through The John Kibarian and Gloria Chen Trust, where she serves as a trustee.

Insider Trade Summary

1,938 shares exercised/converted

Mixed 13 txns

Insider Chen Gloria

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	770	$0.00	--
Exercise	Restricted Stock Units	443	$0.00	--
Exercise	Restricted Stock Units	725	$0.00	--
Exercise	Common Stock	770	$0.00	--
Tax Withholding	Common Stock	298	$304.09	$91K
Exercise	Common Stock	443	$0.00	--
Tax Withholding	Common Stock	153	$304.09	$47K
Exercise	Common Stock	725	$0.00	--
Tax Withholding	Common Stock	250	$304.09	$76K
Grant/Award	Restricted Stock Units	4,801	$0.00	--
Grant/Award	Restricted Stock Units	1,168	$0.00	--
Grant/Award	Restricted Stock Units	1,912	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 3,078 shares (Direct); Common Stock — 41,033.112 shares (Direct); Common Stock — 667 shares (Indirect, by trust)

Footnotes (1)

Shares surrendered to pay tax liability due at vesting. Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee. 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. 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. 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. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.

Form 4 Insider Transactions: What Each Field Means →

01/16/2026 - 06:26 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

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)
01/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/15/2026		M		770	A	$0	41,033.112	D
Common Stock	01/15/2026		F		298⁽¹⁾	D	$304.09	40,735.112	D
Common Stock	01/15/2026		M		443	A	$0	41,178.112	D
Common Stock	01/15/2026		F		153⁽¹⁾	D	$304.09	41,025.112	D
Common Stock	01/15/2026		M		725	A	$0	41,750.112	D
Common Stock	01/15/2026		F		250⁽¹⁾	D	$304.09	41,500.112	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	01/14/2026		A		4,801		⁽³⁾	⁽³⁾	Common Stock	4,801	$0	4,801	D
Restricted Stock Units	$0	01/14/2026		A		1,168		⁽⁴⁾	⁽⁴⁾	Common Stock	1,168	$0	1,168	D
Restricted Stock Units	$0	01/14/2026		A		1,912		⁽⁵⁾	⁽⁵⁾	Common Stock	1,912	$0	1,912	D
Restricted Stock Units	$0	01/15/2026		M			770	⁽⁶⁾	⁽⁶⁾	Common Stock	770	$0	3,078	D
Restricted Stock Units	$0	01/15/2026		M			443	⁽⁷⁾	⁽⁷⁾	Common Stock	443	$0	3,539	D
Restricted Stock Units	$0	01/15/2026		M			725	⁽⁸⁾	⁽⁸⁾	Common Stock	725	$0	8,694	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. 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.

4. 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.

5. 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.

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

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

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

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	01/16/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who is the insider in this Adobe (ADBE) Form 4 filing?

The reporting person is Gloria Chen, who serves as EVP, Chief People Officer of Adobe Inc.. She is an officer of the company but not listed as a director or 10% owner in this filing.

What new equity awards did Adobe (ADBE) grant to Gloria Chen?

On January 14, 2026, Chen was awarded restricted stock units covering 4,801, 1,168, and 1,912 shares of Adobe common stock under the 2023, 2024, and 2025 Performance Share Programs. These RSUs are tied to fiscal year 2025 Net New Sales goals and, for the 4,801-share grant, also to a three-year relative total stockholder return goal.

How and when will these new Adobe RSU awards to Gloria Chen vest?

The RSU awards reported on January 14, 2026 each vest in full on the three-year anniversary of their respective vesting commencement dates of January 24, 2023, January 24, 2024, and January 24, 2025, as described in the performance share program footnotes.

What stock transactions occurred for Gloria Chen on January 15, 2026?

On January 15, 2026, RSUs were settled into Adobe common stock in three tranches of 770, 443, and 725 shares at an exercise price of $0. In connection with these vestings, 298, 153, and 250 shares of common stock were surrendered at $304.09 per share to satisfy tax liabilities due at vesting.

How many Adobe (ADBE) shares does Gloria Chen own after these transactions?

Following the reported transactions, Chen directly beneficially owned 41,500.112 shares of Adobe common stock. She also indirectly owned 667 additional shares held by The John Kibarian and Gloria Chen Trust, dated April 8, 2004, of which she is a trustee.

What does the tax withholding in this Adobe Form 4 represent?

The footnotes state that certain shares, specifically 298, 153, and 250 shares of common stock surrendered at $304.09 per share, were "shares surrendered to pay tax liability due at vesting" for the RSUs that vested on January 15, 2026.