Adobe director receives RSU award and shares

ADOBE INC. director Spencer Adam Neumann reported routine equity compensation activity.

Rhea-AI Filing Summary

ADOBE INC. director Spencer Adam Neumann reported routine equity compensation activity. He exercised 900 restricted stock units into 900 shares of Common Stock, and separately received a new grant of 1,367 restricted stock units that vest 100% on the day of Adobe’s next annual stockholder meeting.

Following these transactions, he holds 3,178 shares of Common Stock directly and 110 shares indirectly through the Neumann Trust dated February 1, 2008, where he serves as trustee, plus the 1,367 unvested restricted stock units.

Insider Trade Summary

900 shares exercised/converted

Exercise 4 txns

Insider Neumann Spencer Adam

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	900	$0.00	$0.00
Grant/Award	Restricted Stock Units	1,367	$0.00	$0.00
Exercise	Common Stock	900	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 1,367 contracts (Direct); Common Stock — 3,178 shares (Direct); Common Stock — 110 shares (Indirect, Trust)

Footnotes (3)

1. F1. Shares held by the Neumann Trust dtd 02/01/2008, of which the reporting person is a trustee.
2. F2. This restricted stock unit award vested in full on April 15, 2026.
3. F3. Vests 100% on the day of the Issuer's next annual meeting of stockholders.

Key Figures

RSUs exercised: 900 units New RSU grant: 1,367 units Direct Common Stock holdings: 3,178 shares +3 more

6 metrics

RSUs exercised 900 units Restricted stock units converted into 900 Common Stock shares on April 15, 2026

New RSU grant 1,367 units Restricted stock unit award vesting 100% on next annual stockholder meeting

Direct Common Stock holdings 3,178 shares Direct Adobe Common Stock held by Spencer Neumann after transactions

Indirect Trust holdings 110 shares Adobe Common Stock held by the Neumann Trust dated 02/01/2008

Unvested RSUs outstanding 1,367 units Restricted stock units remaining after transactions, subject to future vesting

Derivative exercise count 1 transaction Exercise or conversion of derivative security coded as M on April 15, 2026

Key Terms

Restricted Stock Units, Exercise or conversion of derivative security, Grant, award, or other acquisition, Neumann Trust dtd 02/01/2008, +1 more

5 terms

Restricted Stock Units financial

"This restricted stock unit award vested in full on April 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.

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

Neumann Trust dtd 02/01/2008 financial

"Shares held by the Neumann Trust dtd 02/01/2008, of which the reporting person is a trustee."

indirect financial

"total_shares_following_transaction": "110.0000","direct_or_indirect": "I","nature_of_ownership": "Trust""

FAQ

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

What insider transactions did Adobe (ADBE) director Spencer Neumann report?

Spencer Neumann reported routine equity compensation transactions. He exercised 900 restricted stock units into 900 Adobe Common Stock shares and received a new grant of 1,367 restricted stock units that will vest in full on the day of Adobe’s next annual stockholder meeting.

How many Adobe shares did Spencer Neumann acquire through RSU exercise?

He acquired 900 Adobe Common Stock shares by exercising 900 restricted stock units at a price of $0.00 per unit. This exercise reflects the full vesting of a prior RSU award that vested entirely on April 15, 2026, as disclosed in the filing footnotes.

What new restricted stock unit award did Spencer Neumann receive from Adobe (ADBE)?

He received a new award of 1,367 restricted stock units tied to Adobe Common Stock. According to the disclosure, this RSU grant vests 100% on the day of Adobe’s next annual meeting of stockholders, providing future share delivery once vesting is complete.

What are Spencer Neumann’s Adobe share holdings after these Form 4 transactions?

After the reported transactions, he directly holds 3,178 shares of Adobe Common Stock. He also indirectly holds 110 shares through the Neumann Trust dated February 1, 2008, where he is a trustee, and has 1,367 unvested restricted stock units outstanding.

How are the Adobe shares held through the Neumann Trust characterized in the filing?

The filing notes 110 Adobe Common Stock shares held indirectly by the Neumann Trust dated February 1, 2008. The footnote explains that Spencer Neumann is a trustee of this trust, which is why those shares are reported as indirect beneficial ownership on the Form 4.

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

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Accepted by SEC EDGAR 04/17/2026 - 04:36 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^*

Neumann Spencer Adam

(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
	Officer (give title below)		Other (specify below)

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		900	A	$0	3,178	D
Common Stock								110	I	Trust(1)

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			900	(2)	(2)	Common Stock	900	$0	0	D
Restricted Stock Units	$0	04/15/2026		A		1,367		(3)	(3)	Common Stock	1,367	$0	1,367	D

Explanation of Responses:

1. Shares held by the Neumann Trust dtd 02/01/2008, of which the reporting person is a trustee.

2. This restricted stock unit award vested in full on April 15, 2026.

3. Vests 100% on the day of the Issuer's next annual meeting of stockholders.

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)