[Form 4] ADOBE INC. Insider Trading Activity

Rhea-AI Filing Summary

Adobe Inc. filed a Form 4 reporting insider equity activity. On 10/15/2025, the company’s President, Digital Media reported the settlement of restricted stock units (code M) for 760, 437, and 695 shares of common stock at $0 per share, paired with share surrenders for taxes (code F) of 376, 216, and 344 shares at $330.63 to cover withholding at vesting. Following these transactions, the insider directly owned 25,794.091 shares, with an additional 355 shares reported as indirectly owned by trust.

The derivative table notes RSU schedules that vest 6.25% quarterly from January 15 of 2023, 2024, and 2025, respectively.

Insights

Governance & Insider Transactions Analyst

Routine RSU vesting with tax withholding; neutral signal.

This filing documents standard equity compensation mechanics: RSUs converted to common stock (code M) and a portion of shares withheld (code F) at $330.63 to satisfy taxes at vesting. Such patterns are typical for executive compensation and do not indicate a directional view on the stock.

The filing shows updated holdings of 25,794.091 shares direct and 355 indirect by trust. The RSUs vest 6.25% quarterly from commencement dates in 2023, 2024, and 2025. Actual trading impact depends on future transactions; this report itself lists administrative conversions and withholdings.

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

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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, Digital Media

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		M		760	A	$0	25,598.091	D
Common Stock	10/15/2025		F		376(1)	D	$330.63	25,222.091	D
Common Stock	10/15/2025		M		437	A	$0	25,659.091	D
Common Stock	10/15/2025		F		216(1)	D	$330.63	25,443.091	D
Common Stock	10/15/2025		M		695	A	$0	26,138.091	D
Common Stock	10/15/2025		F		344(1)	D	$330.63	25,794.091	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	10/15/2025		M			760	(3)	(3)	Common Stock	760	$0	3,803	D
Restricted Stock Units	$0	10/15/2025		M			437	(4)	(4)	Common Stock	437	$0	3,935	D
Restricted Stock Units	$0	10/15/2025		M			695	(5)	(5)	Common Stock	695	$0	9,042	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.

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	10/16/2025
	** 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.

FAQ

What did Adobe (ADBE) report in this Form 4?

An executive reported RSU conversions into common stock (code M) and share surrenders for tax withholding (code F) on 10/15/2025.

How many Adobe (ADBE) shares were acquired through RSU conversion?

RSUs converted into 760, 437, and 695 shares of common stock at $0 per share.

What shares were surrendered for taxes in the Adobe (ADBE) Form 4?

376, 216, and 344 shares were surrendered at $330.63 to cover tax liabilities at vesting.

What are the insider’s Adobe (ADBE) holdings after these transactions?

Direct ownership is 25,794.091 shares, with 355 shares reported as indirectly owned by trust.

What are the RSU vesting schedules noted for Adobe (ADBE)?

They vest 6.25% quarterly from commencement dates of January 15, 2023; January 15, 2024; and January 15, 2025.

Who is the reporting person’s role at Adobe (ADBE)?

The reporting person is an Officer: President, Digital Media.