Adobe CMO exercises RSUs, surrenders shares for tax

Adobe Inc. Chief Marketing Officer & EVP Lara Balazs exercised restricted stock units into common shares and surrendered part of the stock for taxes.

Rhea-AI Filing Summary

Adobe Inc. Chief Marketing Officer & EVP Lara Balazs exercised restricted stock units into common shares and surrendered part of the stock for taxes. On April 15, 2026, she converted RSUs into a total of 2,537 shares of Adobe common stock.

Of these, 1,257 shares were surrendered at $244.66 per share to cover tax liabilities due at vesting, leaving 4,282.164 shares of common stock held directly afterward. The filing also shows small indirect holdings of 8.5 shares by a spouse and 0.538 shares by a spouse’s IRA.

Footnotes state that one RSU award vests 25% on the first anniversary of a January 15, 2025 vesting commencement date then 6.25% quarterly, and another vests 6.25% quarterly from a January 15, 2026 commencement date.

Insider Trade Summary

2,537 shares exercised/converted

Exercise 8 txns

Insider Balazs Lara

Role Chief Marketing Officer & EVP

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,229	$0.00	$0.00
Exercise	Restricted Stock Units	1,308	$0.00	$0.00
Exercise	Common Stock	1,229	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	609	$244.66	$149K
Exercise	Common Stock	1,308	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	648	$244.66	$159K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 33,151 contracts (Direct); Common Stock — 4,282.164 shares (Direct); Common Stock — 8.5 shares (Indirect, By Spouse); Common Stock — 0.538 shares (Indirect, By Spouse IRA)

Footnotes (3)

1. F1. Shares surrendered to pay tax liability due at vesting.
2. F2. Vests 25% on the first anniversary of the January 15, 2025 vesting commencement date and then 6.25% quarterly thereafter.
3. F3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.

Key Figures

RSU conversions: 2,537 shares Shares surrendered for tax: 1,257 shares Tax withholding price: $244.66 per share +3 more

6 metrics

RSU conversions 2,537 shares Common stock received from RSU exercises on April 15, 2026

Shares surrendered for tax 1,257 shares Tax-withholding dispositions at vesting on April 15, 2026

Tax withholding price $244.66 per share Price used for F-code tax-withholding dispositions

Direct holdings after transactions 4,282.164 shares Adobe common stock held directly after April 15, 2026 events

Indirect spouse holdings 8.5 shares Adobe common stock held indirectly by spouse

Indirect spouse IRA holdings 0.538 shares Adobe common stock held indirectly by spouse’s IRA

Key Terms

Restricted Stock Units, tax-withholding disposition, vesting commencement date, quarterly vesting, +1 more

5 terms

Restricted Stock Units financial

"On April 15, 2026, she converted RSUs into a total of 2,537 shares"

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.

tax-withholding disposition financial

"shares were surrendered at $244.66 per share to cover tax liabilities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

vesting commencement date financial

"anniversary of the January 15, 2025 vesting commencement date"

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

quarterly vesting financial

"then 6.25% quarterly thereafter and 6.25% quarterly from January 15, 2026"

indirect ownership financial

"indirect holdings of 8.5 shares by a spouse and 0.538 shares by a spouse’s IRA"

FAQ

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

What insider transactions did Adobe (ADBE) CMO Lara Balazs report?

Lara Balazs reported exercising restricted stock units into 2,537 Adobe common shares. The filing also shows 1,257 shares surrendered to satisfy tax liabilities at vesting, leaving 4,282.164 shares held directly plus small indirect holdings through her spouse and spouse’s IRA.

How many Adobe (ADBE) shares did Lara Balazs surrender for taxes?

Lara Balazs surrendered 1,257 Adobe common shares to cover tax liabilities due at RSU vesting. These shares were valued at a transaction price of $244.66 per share, according to the filing’s tax-withholding disposition coded as “F” under SEC Form 4 transaction rules.

What are Lara Balazs’ direct Adobe (ADBE) share holdings after these transactions?

After the April 15, 2026 transactions, Lara Balazs directly held 4,282.164 Adobe common shares. This figure reflects RSU conversions coded “M” and the tax-withholding dispositions coded “F,” giving investors a snapshot of her direct equity position following the vesting events.

Does the Adobe (ADBE) Form 4 show any indirect holdings for Lara Balazs?

Yes. The Form 4 reports indirect holdings of 8.5 Adobe common shares held by her spouse and 0.538 shares held by her spouse’s IRA. These positions are classified as indirect ownership with nature-of-ownership descriptions “By Spouse” and “By Spouse IRA,” respectively.

How do Lara Balazs’ Adobe (ADBE) RSU awards vest over time?

One RSU award vests 25% on the first anniversary of the January 15, 2025 vesting commencement date, then 6.25% quarterly. Another award vests 6.25% quarterly starting from its January 15, 2026 vesting commencement date, providing a structured, time-based equity compensation schedule.

Were Lara Balazs’ Adobe (ADBE) transactions open-market buys or routine equity events?

The reported transactions are routine equity events tied to restricted stock units. Code “M” entries reflect RSU conversions into common stock, while code “F” entries show shares surrendered at $244.66 per share to satisfy tax obligations, not open-market purchases or sales.

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

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Accepted by SEC EDGAR 04/17/2026 - 04:27 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^*

Balazs Lara

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Marketing Officer & EVP

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		1,229	A	$0	4,231.164	D
Common Stock	04/15/2026		F		609(1)	D	$244.66	3,622.164	D
Common Stock	04/15/2026		M		1,308	A	$0	4,930.164	D
Common Stock	04/15/2026		F		648(1)	D	$244.66	4,282.164	D
Common Stock								8.5	I	By Spouse
Common Stock								0.538	I	By Spouse IRA

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			1,229	(2)	(2)	Common Stock	1,229	$0	13,526	D
Restricted Stock Units	$0	04/15/2026		M			1,308	(3)	(3)	Common Stock	1,308	$0	19,625	D

Explanation of Responses:

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

2. Vests 25% on the first anniversary of the January 15, 2025 vesting commencement date and then 6.25% quarterly thereafter.

3. Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.

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)