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Adobe (NASDAQ: ADBE) president gets RSU grants, withholds stock for taxes

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Adobe Inc. president, C&P David Wadhwani reported equity awards and related share activity. On January 14, 2026, he was granted 11,070, 2,692, and 4,284 restricted stock units tied to Adobe common stock. Footnotes explain these RSUs were earned under Adobe’s 2023, 2024, and 2025 Performance Share Programs based on fiscal 2025 Net New Sales and relative total stockholder return goals, and are scheduled to vest on the three-year anniversaries of January 24, 2023, 2024, and 2025, respectively.

On January 15, 2026, multiple RSU tranches converted into Adobe common stock (transaction code M), and the company withheld 292, 151, and 240 shares (transaction code F) at a price of $304.09 per share to cover tax liabilities due at vesting. After these transactions, Wadhwani directly held 26,569.091 to 27,552.091 Adobe common shares across the reported steps, plus 355 shares held indirectly by a family trust.

Positive

  • None.

Negative

  • None.
Insider Wadhwani David
Role President, C&P
Type Security Shares Price Value
Exercise Restricted Stock Units 761 $0.00 --
Exercise Restricted Stock Units 438 $0.00 --
Exercise Restricted Stock Units 696 $0.00 --
Exercise Common Stock 761 $0.00 --
Tax Withholding Common Stock 292 $304.09 $89K
Exercise Common Stock 438 $0.00 --
Tax Withholding Common Stock 151 $304.09 $46K
Exercise Common Stock 696 $0.00 --
Tax Withholding Common Stock 240 $304.09 $73K
Grant/Award Restricted Stock Units 11,070 $0.00 --
Grant/Award Restricted Stock Units 2,692 $0.00 --
Grant/Award Restricted Stock Units 4,284 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 3,042 shares (Direct); Common Stock — 26,861.091 shares (Direct); Common Stock — 355 shares (Indirect, By Trust)
Footnotes (1)
  1. Shares surrendered to pay tax liability due at vesting. 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. Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout. Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date. Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
Form 4 Insider Transactions: What Each Field Means →
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, C&P
3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026
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 01/15/2026 M 761 A $0 26,861.091 D
Common Stock 01/15/2026 F 292(1) D $304.09 26,569.091 D
Common Stock 01/15/2026 M 438 A $0 27,007.091 D
Common Stock 01/15/2026 F 151(1) D $304.09 26,856.091 D
Common Stock 01/15/2026 M 696 A $0 27,552.091 D
Common Stock 01/15/2026 F 240(1) D $304.09 27,312.091 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 01/14/2026 A 11,070 (3) (3) Common Stock 11,070 $0 11,070 D
Restricted Stock Units $0 01/14/2026 A 2,692 (4) (4) Common Stock 2,692 $0 2,692 D
Restricted Stock Units $0 01/14/2026 A 4,284 (5) (5) Common Stock 4,284 $0 4,284 D
Restricted Stock Units $0 01/15/2026 M 761 (6) (6) Common Stock 761 $0 3,042 D
Restricted Stock Units $0 01/15/2026 M 438 (7) (7) Common Stock 438 $0 3,497 D
Restricted Stock Units $0 01/15/2026 M 696 (8) (8) Common Stock 696 $0 8,346 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. Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout.
4. Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date.
5. Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date.
6. Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
7. Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
8. Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
Remarks:
/s/ Jillian Forusz, as attorney-in-fact 01/16/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Adobe (ADBE) executive David Wadhwani report in this Form 4?

The filing shows that David Wadhwani, Adobe’s President, C&P, received multiple restricted stock unit (RSU) grants and had RSUs convert into Adobe common stock, with some shares withheld to cover taxes.

How many new RSUs did David Wadhwani receive from Adobe (ADBE)?

On January 14, 2026, Wadhwani was granted 11,070, 2,692, and 4,284 RSUs, each representing the right to receive one share of Adobe common stock upon vesting.

What performance goals are tied to these Adobe (ADBE) RSU awards?

The footnotes state the RSUs were earned under Adobe’s 2023, 2024, and 2025 Performance Share Programs based on achieving the fiscal year 2025 Net New Sales goals and, for one award, a three-year relative total stockholder return goal.

When will David Wadhwani’s new Adobe (ADBE) RSUs vest?

The RSUs are scheduled to vest in full on the three-year anniversaries of the respective vesting commencement dates: January 24, 2023, January 24, 2024, and January 24, 2025.

Why were some Adobe (ADBE) shares surrendered in this Form 4?

Footnote 1 explains that 292, 151, and 240 shares were surrendered to pay tax liability due at vesting, reported with transaction code F at a share price of $304.09.

How many Adobe (ADBE) shares does David Wadhwani hold indirectly through a trust?

The filing shows 355 Adobe common shares held indirectly by the 2006 Wadhwani Family Trust, with a portion attributed to a 2020 family GST trust, and Wadhwani is trustee of these trusts.

What are the vesting terms for certain Adobe (ADBE) RSU grants mentioned?

Footnotes state some RSUs vest 6.25% quarterly from vesting commencement dates of January 15, 2023, January 15, 2024, and January 15, 2025.