Adobe CEO's trust acquires 8,300 shares from awards

The associated trust surrendered 4,113 shares for tax liability at vesting, at a reported $251.67 per share.

Rhea-AI Filing Summary

Adobe Inc. Chair and CEO Shantanu Narayen reported four Restricted Stock Unit transactions on October 15, 2026, with 8,300 common shares acquired by The Narayen Family Trust, of which he is a trustee. The trust surrendered 4,113 shares to pay tax liability due at vesting, at $251.67 per share. A separate holding entry lists 399.15 common shares held directly. No Rule 10b5-1 plan is reported.

Insider Trade Summary

8,300 shares exercised/converted

Exercise 13 txns

Insider NARAYEN SHANTANU

Role Chair and CEO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F3	2,200	$0.00	$0.00
Exercise	Restricted Stock Units F4	1,265	$0.00	$0.00
Exercise	Restricted Stock Units F5	1,978	$0.00	$0.00
Exercise	Restricted Stock Units F6	2,857	$0.00	$0.00
Exercise	Common Stock F1	2,200	$0.00	$0.00
Tax Withholding	Common Stock F2, F1	1,090	$251.67	$274K
Exercise	Common Stock F1	1,265	$0.00	$0.00
Tax Withholding	Common Stock F2, F1	627	$251.67	$158K
Exercise	Common Stock F1	1,978	$0.00	$0.00
Tax Withholding	Common Stock F2, F1	980	$251.67	$247K
Exercise	Common Stock F1	2,857	$0.00	$0.00
Tax Withholding	Common Stock F2, F1	1,416	$251.67	$356K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 63,470 contracts (Direct); Common Stock — 242,911 shares (Indirect, by trust); Common Stock — 399.15 shares (Direct)

Footnotes (6)

1. F1. Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
2. F2. Shares surrendered to pay tax liability due at vesting.
3. F3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
4. F4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
5. F5. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
6. F6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.

Key Figures

Common shares acquired by trust: 8,300 shares Shares surrendered for tax liability: 4,113 shares Reported price per share: $251.67 per share +2 more

5 metrics

Common shares acquired by trust 8,300 shares With the Restricted Stock Unit transactions reported for October 15, 2026

Shares surrendered for tax liability 4,113 shares At vesting on October 15, 2026

Reported price per share $251.67 per share For shares surrendered to pay tax liability

Direct common stock holding 399.15 shares Holding entry dated October 15, 2026

Quarterly vesting rate 6.25% quarterly Each of four awards, with commencement dates from January 15, 2023, through January 15, 2026

Key Terms

Restricted Stock Units, vesting commencement date, tax liability

3 terms

Restricted Stock Units technical

"the four awards reported with transactions on October 15, 2026"

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.

vesting commencement date technical

"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.

tax liability financial

"shares surrendered to pay tax liability due at vesting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ADBE shares did Shantanu Narayen's family trust acquire and surrender?

The Narayen Family Trust acquired 8,300 common shares associated with the reported Restricted Stock Unit transactions and surrendered 4,113 shares to pay tax liability due at vesting, at $251.67 per share. No Rule 10b5-1 plan is reported.

What were the vesting schedules for the ADBE awards?

Each of the four reported awards vests 6.25% quarterly, with commencement dates of January 15, 2023, January 15, 2024, January 15, 2025, and January 15, 2026, respectively.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/19/2026 - 05:52 PM EDT Accepted by SEC EDGAR 10/19/2026 - 05:52 PM EDT Learn about SEC filing dates

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^*

NARAYEN SHANTANU

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/15/2026		M		2,200	A	$0	240,924	I	by trust(1)
Common Stock	10/15/2026		F		1,090(2)	D	$251.67	239,834	I	by trust(1)
Common Stock	10/15/2026		M		1,265	A	$0	241,099	I	by trust(1)
Common Stock	10/15/2026		F		627(2)	D	$251.67	240,472	I	by trust(1)
Common Stock	10/15/2026		M		1,978	A	$0	242,450	I	by trust(1)
Common Stock	10/15/2026		F		980(2)	D	$251.67	241,470	I	by trust(1)
Common Stock	10/15/2026		M		2,857	A	$0	244,327	I	by trust(1)
Common Stock	10/15/2026		F		1,416(2)	D	$251.67	242,911	I	by trust(1)
Common Stock								399.15	D

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	10/15/2026		M			2,200	(3)	(3)	Common Stock	2,200	$0	2,200	D
Restricted Stock Units	$0	10/15/2026		M			1,265	(4)	(4)	Common Stock	1,265	$0	6,323	D
Restricted Stock Units	$0	10/15/2026		M			1,978	(5)	(5)	Common Stock	1,978	$0	17,801	D
Restricted Stock Units	$0	10/15/2026		M			2,857	(6)	(6)	Common Stock	2,857	$0	37,146	D

Explanation of Responses:

1. Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

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

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	10/19/2026
	** 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)