Adobe (ADBE) exec Wadhwani exercises RSUs as 1,496 shares withheld for tax

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Adobe Inc. executive David Wadhwani, President of Digital Media (C&P), reported routine equity compensation activity involving restricted stock units on April 15, 2026. He exercised or converted RSUs into 3,022 shares of common stock and had 1,496 shares withheld to cover tax liabilities at $244.66 per share.

After these transactions, Wadhwani directly held 41,260.091 shares of Adobe common stock. An additional 355 shares are held indirectly through family trusts for which he serves as trustee. The RSU awards vest in 6.25% quarterly installments from vesting commencement dates between January 15, 2023 and January 15, 2026, reflecting ongoing stock-based compensation rather than open-market trading.

Insider Trade Summary

3,022 shares exercised/converted

Mixed 13 txns

Insider Wadhwani David

Role President, C&P

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	760	$0.00	--
Exercise	Restricted Stock Units	437	$0.00	--
Exercise	Restricted Stock Units	695	$0.00	--
Exercise	Restricted Stock Units	1,130	$0.00	--
Exercise	Common Stock	760	$0.00	--
Tax Withholding	Common Stock	376	$244.66	$92K
Exercise	Common Stock	437	$0.00	--
Tax Withholding	Common Stock	216	$244.66	$53K
Exercise	Common Stock	695	$0.00	--
Tax Withholding	Common Stock	344	$244.66	$84K
Exercise	Common Stock	1,130	$0.00	--
Tax Withholding	Common Stock	560	$244.66	$137K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 2,282 shares (Direct); Common Stock — 40,494.091 shares (Direct); Common Stock — 355 shares (Indirect, By Trust)

Footnotes (1)

Shares surrendered to pay tax liability due at vesting. 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. 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. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.

Key Figures

RSUs exercised: 3,022 shares Shares withheld for taxes: 1,496 shares Tax withholding price: $244.66 per share +3 more

6 metrics

RSUs exercised 3,022 shares Restricted Stock Units converted to Adobe common stock on April 15, 2026

Shares withheld for taxes 1,496 shares Shares surrendered to pay tax liability due at vesting

Tax withholding price $244.66 per share Price used for tax-withholding dispositions of Adobe common stock

Direct holdings after transactions 41,260.091 shares Adobe common stock directly held by David Wadhwani after Form 4 transactions

Indirect trust holdings 355 shares Adobe shares held by Wadhwani family trusts where he is trustee

Quarterly vesting rate 6.25% quarterly Vesting rate for multiple RSU grants commencing January 15 of 2023–2026

Key Terms

Restricted Stock Units, tax liability, vesting commencement date, Family Trust, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units" and underlying_security_title: "Common Stock""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax liability financial

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

vesting commencement date financial

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

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

Family Trust financial

"All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006"

GST Trusts financial

"92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020"

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:28 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^*

Wadhwani David

(Last)

(First)

(Middle)

ADOBE INC.

345 PARK AVENUE

(Street)

SAN JOSE

CALIFORNIA

95110

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)
	President, C&P

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

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

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

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

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	04/15/2026		M		760	A	$0	40,494.091	D
Common Stock	04/15/2026		F		376⁽¹⁾	D	$244.66	40,118.091	D
Common Stock	04/15/2026		M		437	A	$0	40,555.091	D
Common Stock	04/15/2026		F		216⁽¹⁾	D	$244.66	40,339.091	D
Common Stock	04/15/2026		M		695	A	$0	41,034.091	D
Common Stock	04/15/2026		F		344⁽¹⁾	D	$244.66	40,690.091	D
Common Stock	04/15/2026		M		1,130	A	$0	41,820.091	D
Common Stock	04/15/2026		F		560⁽¹⁾	D	$244.66	41,260.091	D
Common Stock								355	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	04/15/2026		M			760	⁽³⁾	⁽³⁾	Common Stock	760	$0	2,282	D
Restricted Stock Units	$0	04/15/2026		M			437	⁽⁴⁾	⁽⁴⁾	Common Stock	437	$0	3,060	D
Restricted Stock Units	$0	04/15/2026		M			695	⁽⁵⁾	⁽⁵⁾	Common Stock	695	$0	7,651	D
Restricted Stock Units	$0	04/15/2026		M			1,130	⁽⁶⁾	⁽⁶⁾	Common Stock	1,130	$0	16,956	D

Explanation of Responses:

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

2. 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.

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.

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

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	04/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Adobe (ADBE) executive David Wadhwani report?

David Wadhwani reported routine equity compensation activity, exercising or converting restricted stock units into 3,022 Adobe common shares. In the same filing, 1,496 shares were withheld by the company to cover tax liabilities due at vesting, rather than sold in the open market.

How many Adobe (ADBE) shares were withheld for David Wadhwani’s taxes?

A total of 1,496 Adobe common shares were surrendered to pay tax liabilities at vesting. These tax-withholding dispositions occurred at a reported price of $244.66 per share, reflecting a standard mechanism for covering taxes on vested restricted stock units.

How many Adobe (ADBE) shares does David Wadhwani hold after these transactions?

Following the reported transactions, David Wadhwani directly holds 41,260.091 Adobe common shares. In addition, 355 shares are held indirectly through family trusts where he serves as trustee, as disclosed in the footnotes describing the 2006 Wadhwani Family Trust and 2020 GST Trusts.

Were David Wadhwani’s Adobe (ADBE) transactions open-market buys or sells?

The filing reflects exercises or conversions of restricted stock units and tax-withholding dispositions, not open-market purchases or sales. Code M entries show RSU conversions to common stock, while code F entries indicate shares delivered back to Adobe to satisfy tax obligations at vesting.

How do David Wadhwani’s Adobe (ADBE) RSUs vest over time?

Several RSU grants to David Wadhwani vest at 6.25% quarterly. Footnotes state vesting commencement dates of January 15 in 2023, 2024, 2025, and 2026, indicating a series of overlapping quarterly vesting schedules that gradually deliver additional common shares as compensation.

How are David Wadhwani’s indirect Adobe (ADBE) holdings structured?

The filing notes 355 Adobe shares held indirectly by family trusts. Most are in the 2006 Wadhwani Family Trust, with 92 shares in Wadhwani 2020 Family GST Trusts for his children. In each case, Wadhwani is disclosed as trustee overseeing these trust-held positions.