Adobe (ADBE) SVP Forusz exercises RSUs, surrenders shares for taxes

Rhea-AI Filing Summary

Adobe Inc. senior vice president and chief accounting officer Jillian Forusz reported routine equity compensation activity. She exercised restricted stock units that converted into 460 shares of common stock on March 15, 2026. Of these, 158 shares were surrendered at $249.32 per share to cover tax liabilities due at vesting, as noted in the footnotes.

After these transactions, Forusz directly holds 3,823.156 shares of Adobe common stock. The filing reflects RSU vesting and associated tax withholding rather than open-market buying or selling.

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

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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^*

Forusz Jillian

(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)
	SVP & CAO

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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	03/15/2026		M		233	A	$0	3,754.156	D
Common Stock	03/15/2026		F		80(1)	D	$249.32	3,674.156	D
Common Stock	03/15/2026		M		227	A	$0	3,901.156	D
Common Stock	03/15/2026		F		78(1)	D	$249.32	3,823.156	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	03/15/2026		M			233	(2)	(2)	Common Stock	233	$0	234	D
Restricted Stock Units	$0	03/15/2026		M			227	(3)	(3)	Common Stock	227	$0	2,269	D

Explanation of Responses:

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

2. Vests 6.25% quarterly from the vesting commencement date of June 15, 2022.

3. Vests 6.25% quarterly from the vesting commencement date of September 15, 2024.

Remarks:

	/s/ Jillian Forusz	03/16/2026
	** 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).
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FAQ

What insider transactions did Adobe (ADBE) SVP Jillian Forusz report?

Jillian Forusz reported RSU vesting and related share movements. Restricted stock units converted into 460 Adobe common shares, and 158 of those shares were surrendered to cover tax liabilities, leaving her with 3,823.156 shares held directly after the transactions.

Did Adobe (ADBE) SVP Jillian Forusz buy or sell shares on the open market?

The transactions do not involve open-market buying or selling. They reflect RSU vesting, with new shares issued and a portion of those shares automatically surrendered to satisfy tax obligations, as described by the tax-withholding transaction code and accompanying footnote.

How many Adobe (ADBE) shares did Jillian Forusz acquire through RSU vesting?

She acquired 460 Adobe common shares through the exercise and conversion of restricted stock units. These were recorded via derivative transaction code M, indicating an exercise or conversion of a derivative security rather than an open-market purchase.

How many Adobe (ADBE) shares were used to pay taxes in this Form 4?

A total of 158 Adobe common shares were surrendered to cover tax liabilities. Two transactions coded F show 80 and 78 shares delivered at $249.32 per share, with a footnote stating they were surrendered to pay tax due at vesting.

What is Jillian Forusz’s Adobe (ADBE) shareholding after these transactions?

Following the RSU vesting and tax-withholding dispositions, Jillian Forusz directly holds 3,823.156 Adobe common shares. This figure comes from the total shares following the final reported transaction in the Form 4 insider filing.

What do the vesting footnotes in Adobe (ADBE) SVP Jillian Forusz’s Form 4 indicate?

The footnotes explain that the reported RSUs vest 6.25% quarterly from commencement dates of June 15, 2022 and September 15, 2024, and that some shares were surrendered specifically to pay tax liabilities due at each vesting event.