ADOBE INC. Insider Trading Activity

Adobe Inc. insider filing: An officer identified as President, Digital Media reported routine equity transactions.

Accepted by SEC EDGAR 10/27/2025 - 05:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Adobe Inc. insider filing: An officer identified as President, Digital Media reported routine equity transactions. On 10/24/2025, 606 shares of common stock were acquired at $0 upon the vesting of restricted stock units (code M). On the same date, 300 shares were surrendered to cover tax withholding at $353.52 per share (code F).

Following these transactions, the officer directly beneficially owned 26,100.091 shares. An additional 355 shares were indirectly owned by trust. The reported RSU award vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and 6.25% quarterly thereafter.

Insider Trade Summary

606 shares exercised/converted

Exercise 3 txns

Insider Wadhwani David

Role President, Digital Media

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	606	$0.00	$0.00
Exercise	Common Stock	606	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	300	$353.52	$106K
Holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 606 contracts (Direct); Common Stock — 26,100.091 shares (Direct); Common Stock — 355 shares (Indirect, By Trust)

Holdings Before and After: Restricted Stock Units, 1,212 to 606 contracts (Direct); Common Stock, 25,794.091 to 26,100.091 shares (Direct)

Footnotes (3)

1. F1. Shares surrendered to pay tax liability due at vesting.
2. F2. All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.
3. F3. Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

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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^*

Wadhwani David

(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, Digital Media

3. Date of Earliest Transaction (Month/Day/Year)
10/24/2025

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	10/24/2025		M		606	A	$0	26,400.091	D
Common Stock	10/24/2025		F		300(1)	D	$353.52	26,100.091	D
Common Stock								355	I	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	10/24/2025		M			606	(3)	(3)	Common Stock	606	$0	606	D

Explanation of Responses:

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

2. All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the trustee.

3. 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	10/27/2025
	** 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.