Adobe (ADBE) president David Wadhwani reports stock vesting and new RSUs

Rhea-AI Filing Summary

Adobe Inc. president, C&P, David Wadhwani reported multiple stock-based compensation events. On January 24, 2026, restricted stock units and 23,607 performance shares were converted into common stock, with 209 and 11,582 shares surrendered at $301.07 per share to cover taxes. On January 26, 2026, he received a new grant of 18,086 restricted stock units. Following these transactions, he beneficially owned 39,734.091 shares of Adobe common stock directly and 355 shares indirectly through a family trust, plus the new 18,086 RSUs.

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^*

Wadhwani David

(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)
	President, C&P

3. Date of Earliest Transaction (Month/Day/Year)
01/24/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/24/2026		M		606	A	$0	27,918.091	D
Common Stock	01/24/2026		F		209(1)	D	$301.07	27,709.091	D
Common Stock	01/24/2026		M		23,607	A	$0	51,316.091	D
Common Stock	01/24/2026		F		11,582(1)	D	$301.07	39,734.091	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	01/24/2026		M			606	(3)	(3)	Common Stock	606	$0	0	D
Performance Shares	$0	01/24/2026		M			23,607	(4)	(4)	Common Stock	23,607	$0	0	D
Restricted Stock Units	$0	01/26/2026		A		18,086		(5)	(5)	Common Stock	18,086	$0	18,086	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 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

4. 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.

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

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

David Wadhwani reported vesting of restricted stock units and 23,607 performance shares into Adobe common stock, tax-share surrenders at $301.07 per share, and a new grant of 18,086 restricted stock units, all recorded in late January 2026.

How many Adobe (ADBE) restricted stock units were newly granted to David Wadhwani?

David Wadhwani received a new grant of 18,086 restricted stock units on January 26, 2026. These RSUs vest 6.25% quarterly starting from a January 15, 2026 vesting commencement date, providing ongoing equity-based compensation tied to Adobe’s common stock.

How many Adobe (ADBE) performance shares vested for David Wadhwani?

David Wadhwani had 23,607 performance shares convert into Adobe common stock on January 24, 2026. The filing notes these shares were earned under the 2023 Performance Share Program and vested in full on the three-year anniversary of the January 24, 2023 commencement date.

What Adobe (ADBE) shares did David Wadhwani surrender for taxes?

He surrendered 209 shares and 11,582 shares of Adobe common stock to cover tax liabilities due at vesting. These tax-withholding transactions were priced at $301.07 per share and are reported with transaction code “F” in the Form 4 filing.

What is David Wadhwani’s Adobe (ADBE) share ownership after these transactions?

After the reported transactions, David Wadhwani beneficially owned 39,734.091 Adobe common shares directly and 355 shares indirectly through a family trust. He also held 18,086 restricted stock units that will vest over time based on the stated schedule.

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

The filing shows 355 Adobe shares held indirectly “By Trust.” Footnotes explain these are primarily in the 2006 Wadhwani Family Trust, with a portion in 2020 family GST trusts for his children, where he serves as trustee for both entities.