Adobe (ADBE) director Ricks exercises 900 RSUs and receives 1,367-unit grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Adobe Inc. director David A. Ricks reported routine equity compensation activity. On April 15, 2026, he exercised 900 restricted stock units into 900 shares of common stock and received a new award of 1,367 restricted stock units. After these transactions, he holds 7,655 shares of Adobe common stock directly and 2,775 shares indirectly through a trust. The reported restricted stock unit award vested in full on April 15, 2026.

Insider Trade Summary

900 shares exercised/converted

Mixed 4 txns

Insider Ricks David A

Role Director

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

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 7,655 shares (Direct); Common Stock — 2,775 shares (Indirect, by trust)

Footnotes (1)

On January 21, 2026, 1,138 shares of common stock were transferred to the reporting person as an annuity payment in accordance with the terms of the David A Ricks 12-2022 Grantor Retained Annuity Trust, of which the reporting person is the trustee. Shares held by the David A Ricks 12-2022 Grantor Retained Annuity Trust of which the reporting person is a trustee. This restricted stock unit award vested in full on April 15, 2026. 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 shares: 7,655 shares +3 more

6 metrics

RSUs exercised 900 units Restricted stock units converted to common stock on April 15, 2026

New RSU grant 1,367 units Restricted stock unit award granted to director on April 15, 2026

Direct common shares 7,655 shares Adobe common stock held directly after transactions

Indirect common shares 2,775 shares Adobe common stock held indirectly by trust for reporting person

Derivative exercises 900 shares Total derivative exercise shares per transactionSummary

Annuity transfer shares 1,138 shares Common stock transferred as annuity payment on January 21, 2026

Key Terms

Restricted Stock Units, Grantor Retained Annuity Trust, annuity payment, trustee, +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.

Grantor Retained Annuity Trust financial

"the David A Ricks 12-2022 Grantor Retained Annuity Trust, of which the reporting person is the trustee."

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

annuity payment financial

"1,138 shares of common stock were transferred to the reporting person as an annuity payment in accordance with the terms of the David A Ricks 12-2022 Grantor Retained Annuity Trust"

trustee financial

"the reporting person is the trustee."

A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

indirect ownership financial

"Shares held by the David A Ricks 12-2022 Grantor Retained Annuity Trust of which the reporting person is a trustee."

Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:36 PM

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^*

Ricks David A

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/15/2026		M		900	A	$0	7,655	D⁽¹⁾
Common Stock								2,775	I⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	04/15/2026		M			900	⁽³⁾	⁽³⁾	Common Stock	900	$0	0	D
Restricted Stock Units	$0	04/15/2026		A		1,367		⁽⁴⁾	⁽⁴⁾	Common Stock	1,367	$0	1,367	D

Explanation of Responses:

1. On January 21, 2026, 1,138 shares of common stock were transferred to the reporting person as an annuity payment in accordance with the terms of the David A Ricks 12-2022 Grantor Retained Annuity Trust, of which the reporting person is the trustee.

2. Shares held by the David A Ricks 12-2022 Grantor Retained Annuity Trust of which the reporting person is a trustee.

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

4. 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Adobe (ADBE) director David A. Ricks report?

David A. Ricks reported routine equity compensation activity at Adobe. He exercised 900 restricted stock units into common stock and received a new grant of 1,367 restricted stock units, reflecting normal director compensation rather than open-market buying or selling.

How many Adobe (ADBE) shares does David A. Ricks hold after these transactions?

After the reported transactions, David A. Ricks holds 7,655 shares of Adobe common stock directly. He also has 2,775 shares held indirectly through a trust, giving a combined reported position of 10,430 Adobe shares across direct and indirect holdings.

What happened to David A. Ricks’s Adobe (ADBE) restricted stock units on April 15, 2026?

On April 15, 2026, a restricted stock unit award for David A. Ricks vested in full, covering 900 units that converted into common stock. He also received a separate new award of 1,367 restricted stock units that vests 100% on Adobe’s next annual stockholders’ meeting date.

Did David A. Ricks buy or sell Adobe (ADBE) shares on the open market?

The filing does not show any open-market purchases or sales by David A. Ricks. Instead, it reports an exercise of 900 restricted stock units into common shares and a new grant of 1,367 restricted stock units as part of his director equity compensation.

What Adobe (ADBE) shares are held for David A. Ricks through a trust?

A total of 2,775 Adobe common shares are reported as held indirectly for David A. Ricks by the David A Ricks 12-2022 Grantor Retained Annuity Trust. He is described as trustee of this trust, which holds these shares on his behalf according to the filing.