Adobe EVP Gloria Chen exercises 3,243 RSUs

ADOBE INC. executive Gloria Chen, EVP and Chief People Officer, reported routine equity compensation activity involving restricted stock units that vested into common shares.

Rhea-AI Filing Summary

ADOBE INC. executive Gloria Chen, EVP and Chief People Officer, reported routine equity compensation activity involving restricted stock units that vested into common shares. On April 15, 2026, she exercised derivative awards labeled as restricted stock units, converting 3,243 shares into Adobe common stock at a stated exercise price of $0.0000 per share.

To cover tax obligations at vesting, a total of 1,606 shares of common stock were surrendered in tax-withholding dispositions at $244.66 per share, as noted in the footnote that the shares were “surrendered to pay tax liability due at vesting.” After these transactions, Chen directly held 48,721.112 shares of Adobe common stock and indirectly held 667 shares through The John Kibarian and Gloria Chen Trust, of which she is a trustee. No open-market purchases or sales were reported.

Insider Trade Summary

3,243 shares exercised/converted

Exercise 13 txns

Insider Chen Gloria

Role EVP, Chief People Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	769	$0.00	$0.00
Exercise	Restricted Stock Units	442	$0.00	$0.00
Exercise	Restricted Stock Units	724	$0.00	$0.00
Exercise	Restricted Stock Units	1,308	$0.00	$0.00
Exercise	Common Stock	769	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	381	$244.66	$93K
Exercise	Common Stock	442	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	219	$244.66	$54K
Exercise	Common Stock	724	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	358	$244.66	$88K
Exercise	Common Stock	1,308	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	648	$244.66	$159K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 33,001 contracts (Direct); Common Stock — 48,721.112 shares (Direct); Common Stock — 667 shares (Indirect, by trust)

Footnotes (6)

1. F1. Shares surrendered to pay tax liability due at vesting.
2. F2. Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee.
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

RSUs exercised: 3,243 shares Tax-withholding shares: 1,606 shares Tax-withholding price: $244.66 per share +4 more

7 metrics

RSUs exercised 3,243 shares Underlying common stock from restricted stock units exercised on April 15, 2026

Tax-withholding shares 1,606 shares Common shares surrendered to pay tax liability at vesting

Tax-withholding price $244.66 per share Value used for F-code tax-withholding dispositions of common stock

Direct holdings after transactions 48,721.112 shares Adobe common stock directly owned by Gloria Chen following Form 4 events

Indirect trust holdings 667 shares Common stock held by The John Kibarian and Gloria Chen Trust

Derivative exercises count 4 transactions M-code exercises or conversions of restricted stock units

Tax-withholding transactions 4 transactions F-code dispositions for payment of tax liability at vesting

Key Terms

Restricted Stock Units, tax-withholding disposition, vesting commencement date, trust

4 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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-withholding disposition financial

"transaction_action: "tax-withholding disposition" for code F transactions"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

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.

trust financial

"Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004"

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

FAQ

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

What insider transactions did Adobe (ADBE) EVP Gloria Chen report?

Gloria Chen reported routine equity compensation activity, exercising restricted stock units into 3,243 shares of Adobe common stock. She then surrendered 1,606 shares to cover tax liabilities at vesting, without reporting any open-market purchases or sales.

How many Adobe (ADBE) shares does Gloria Chen hold after these Form 4 transactions?

Following the reported transactions, Gloria Chen directly holds 48,721.112 shares of Adobe common stock. She also indirectly holds 667 shares through The John Kibarian and Gloria Chen Trust, where she serves as a trustee, according to the Form 4 footnotes.

Were Gloria Chen’s Adobe (ADBE) transactions open-market buys or sells?

The Form 4 shows no open-market buys or sells by Gloria Chen. Instead, it reflects RSU exercises (code M) converting into 3,243 shares of common stock, and tax-withholding dispositions (code F) of 1,606 shares to satisfy vesting-related tax obligations.

What price was used for Gloria Chen’s Adobe (ADBE) tax-withholding share dispositions?

Shares surrendered for tax withholding were valued at $244.66 per share. A total of 1,606 shares of Adobe common stock were disposed of under transaction code F, described as payment of tax liability by delivering securities rather than an open-market sale.

How many restricted stock units did Gloria Chen exercise in this Adobe (ADBE) filing?

The filing’s summary shows Chen exercised restricted stock units corresponding to 3,243 underlying shares of Adobe common stock. These derivative exercises are coded M and occur at a stated conversion price of $0.0000 per share as part of her compensation vesting.

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

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Accepted by SEC EDGAR 04/17/2026 - 04:27 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^*

Chen Gloria

(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)
	EVP, Chief People Officer

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/15/2026		M		769	A	$0	47,853.112	D
Common Stock	04/15/2026		F		381(1)	D	$244.66	47,472.112	D
Common Stock	04/15/2026		M		442	A	$0	47,914.112	D
Common Stock	04/15/2026		F		219(1)	D	$244.66	47,695.112	D
Common Stock	04/15/2026		M		724	A	$0	48,419.112	D
Common Stock	04/15/2026		F		358(1)	D	$244.66	48,061.112	D
Common Stock	04/15/2026		M		1,308	A	$0	49,369.112	D
Common Stock	04/15/2026		F		648(1)	D	$244.66	48,721.112	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	04/15/2026		M			769	(3)	(3)	Common Stock	769	$0	2,309	D
Restricted Stock Units	$0	04/15/2026		M			442	(4)	(4)	Common Stock	442	$0	3,097	D
Restricted Stock Units	$0	04/15/2026		M			724	(5)	(5)	Common Stock	724	$0	7,970	D
Restricted Stock Units	$0	04/15/2026		M			1,308	(6)	(6)	Common Stock	1,308	$0	19,625	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.

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)