[Form 4] ADOBE INC. Insider Trading Activity

Rhea-AI Filing Summary

Adobe Inc. (ADBE) insider activity: On 10/15/2025, the Chair and CEO reported multiple restricted stock unit (RSU) vestings and related tax withholdings conducted through The Narayen Family Trust.

Three RSU conversions added 2,200, 1,264, and 1,978 shares at $0 exercise price. To cover taxes at vesting, 1,090, 626, and 980 shares were withheld at $330.63 per share. Indirect holdings by the trust were reported at 391,921 shares following the transactions. Remaining RSU balances reported included 10,999, 11,382, and 25,712 units, each vesting 6.25% quarterly from January 15 of 2023, 2024, and 2025, respectively.

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^*

NARAYEN SHANTANU

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

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		2,200	A	$0	391,375	I	by trust(1)
Common Stock	10/15/2025		F		1,090(2)	D	$330.63	390,285	I	by trust(1)
Common Stock	10/15/2025		M		1,264	A	$0	391,549	I	by trust(1)
Common Stock	10/15/2025		F		626(2)	D	$330.63	390,923	I	by trust(1)
Common Stock	10/15/2025		M		1,978	A	$0	392,901	I	by trust(1)
Common Stock	10/15/2025		F		980(2)	D	$330.63	391,921	I	by trust(1)
Common Stock								324.143	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			2,200	(3)	(3)	Common Stock	2,200	$0	10,999	D
Restricted Stock Units	$0	10/15/2025		M			1,264	(4)	(4)	Common Stock	1,264	$0	11,382	D
Restricted Stock Units	$0	10/15/2025		M			1,978	(5)	(5)	Common Stock	1,978	$0	25,712	D

Explanation of Responses:

1. Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.

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

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) disclose in this Form 4?

The Chair and CEO reported RSU vestings and related tax withholdings on 10/15/2025 via The Narayen Family Trust.

How many Adobe shares vested from RSUs on the reported date?

RSU conversions added 2,200, 1,264, and 1,978 shares at a $0 exercise price.

How were taxes handled for the RSU vesting for ADBE?

Shares were withheld to cover taxes: 1,090, 626, and 980 shares at $330.63 per share.

What is the insider’s Adobe shareholding after these transactions?

Indirect holdings by the trust were reported at 391,921 shares following the transactions.

What RSU balances remain for the insider at Adobe?

Remaining RSUs reported: 10,999, 11,382, and 25,712 units.

What are the RSU vesting schedules mentioned?

Each grant vests 6.25% quarterly from January 15, 2023, January 15, 2024, and January 15, 2025, respectively.