[Form 4] ADOBE INC. Insider Trading Activity

Rhea-AI Filing Summary

Adobe (ADBE) insider transaction: On 10/15/2025, Adobe’s SVP & CAO reported routine equity activity tied to restricted stock units (RSUs). Three RSU tranches vested (codes “M”) for 60, 34, and 22 shares at $0 exercise price, and shares were surrendered to cover taxes (code “F”) of 29, 16, and 10 shares at $330.63 per share. Following these entries, the insider reported 3,559.156 shares beneficially owned, held directly. The filing notes the RSU schedules vest 6.25% quarterly from commencement dates of January 15, 2023, January 15, 2024, and January 15, 2025.

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^*

Forusz Jillian

(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)
	SVP & CAO

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		60	A	$0	3,558.156	D
Common Stock	10/15/2025		F		29(1)	D	$330.63	3,529.156	D
Common Stock	10/15/2025		M		34	A	$0	3,563.156	D
Common Stock	10/15/2025		F		16(1)	D	$330.63	3,547.156	D
Common Stock	10/15/2025		M		22	A	$0	3,569.156	D
Common Stock	10/15/2025		F		10(1)	D	$330.63	3,559.156	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	10/15/2025		M			60	(2)	(2)	Common Stock	60	$0	299	D
Restricted Stock Units	$0	10/15/2025		M			34	(3)	(3)	Common Stock	34	$0	310	D
Restricted Stock Units	$0	10/15/2025		M			22	(4)	(4)	Common Stock	22	$0	283	D

Explanation of Responses:

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

2. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.

3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.

4. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.

Remarks:

	/s/ Jillian Forusz	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) disclose in this Form 4?

An officer reported RSU vesting entries (codes M) and tax-withholding share surrenders (codes F) on 10/15/2025.

How many RSU shares vested for the Adobe officer?

Three tranches vested for 60, 34, and 22 shares, each reported at an exercise price of $0.

How many shares were surrendered for taxes and at what price?

Shares surrendered for taxes totaled 29, 16, and 10 at a price of $330.63 per share.

What is the insider’s reported beneficial ownership after these transactions?

The insider reported 3,559.156 shares beneficially owned, held directly.

What are the vesting schedules for the RSU awards?

Each award vests 6.25% quarterly from commencement dates of Jan 15, 2023; Jan 15, 2024; and Jan 15, 2025.

What do the Form 4 transaction codes M and F mean?

Code M indicates an RSU conversion/vesting; code F indicates shares withheld or surrendered to cover taxes at vesting.