[Form 4] Adobe Inc. Insider Trading Activity

Rhea-AI Filing Summary

Adobe Inc. – Form 4 (filed 28 Jul 2025)

• Insider: Anil Chakravarthy, President DX.
• Event date: 24 Jul 2025.
• Equity exercise: 606 restricted stock units converted to common shares (Code M) at $0 exercise price.
• Tax withholding: 300 shares disposed (Code F) at $371.69 to satisfy taxes, leaving a net 306-share increase.
• Post-transaction ownership: 44,365.777 common shares held directly; 1,212 RSUs remain outstanding.
• RSU vesting schedule: 25 % on 24 Jan 2023 anniversary of 24 Jan 2022 start date, then 6.25 % quarterly.

The filing reflects routine vesting and mandatory tax withholding, not an open-market sale or discretionary purchase; therefore it is unlikely to be financially material to Adobe.

Insights

Financial Analyst

TL;DR – Routine RSU vesting; neutral impact on ADBE.

The transaction simply converts 606 RSUs into common shares, with 300 shares withheld to cover taxes. Net ownership rose by 306 shares, and Chakravarthy still holds 1,212 RSUs plus ~44.4 k shares. No open-market sale occurred, so the filing does not signal bearish insider sentiment. Given Adobe’s >450 m shares outstanding, the stake change is immaterial (<0.0001 %). I view the disclosure as regular compensation administration with neutral investment impact.

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).

1. Name and Address of Reporting Person^*

Chakravarthy Anil

(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, DX

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

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	07/24/2025		M		606	A	$0	44,665.777	D
Common Stock	07/24/2025		F		300(1)	D	$371.69	44,365.777	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	07/24/2025		M			606	(2)	(2)	Common Stock	606	$0	1,212	D

Explanation of Responses:

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

2. Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

Remarks:

	/s/ Jillian Forusz, as attorney-in-fact	07/28/2025
	** 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

How many Adobe (ADBE) shares did Anil Chakravarthy acquire on 24 Jul 2025?

He converted 606 RSUs into common stock.

Were any Adobe shares sold by the insider in this Form 4?

No open-market sale; 300 shares were withheld at $371.69 solely for tax obligations.

What is Chakravarthy’s total Adobe share ownership after the transaction?

He directly owns 44,365.777 common shares plus 1,212 RSUs.

Does this Form 4 suggest bullish or bearish sentiment from management?

It is neutral; the filing records routine vesting and tax withholding, not discretionary trading.

When will the remaining RSUs held by Chakravarthy vest?

The award vests 25 % on 24 Jan 2023 and 6.25 % each quarter thereafter.