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Adobe (ADBE) director reports RSU vesting, new grant and trust holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Adobe Inc. director Frank Calderoni reported routine equity compensation activity. On April 15, 2026, 900 restricted stock units vested in full and were converted into 900 shares of Adobe common stock. On the same date, he received a new grant of 1,367 restricted stock units that will vest 100% on the day of Adobe’s next annual meeting of stockholders.

Following these transactions, Calderoni directly holds 3,656 shares of Adobe common stock. He also has an indirect holding of 29,061 shares held by the Frank A Calderoni and Brenda J Zawatski Living Trust dated March 11, 2005, of which he is a trustee, reflecting a prior transfer to the trust noted in the filing footnotes.

Positive

  • None.

Negative

  • None.
Insider CALDERONI FRANK
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 900 $0.00 --
Grant/Award Restricted Stock Units 1,367 $0.00 --
Exercise Common Stock 900 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 3,656 shares (Direct); Common Stock — 29,061 shares (Indirect, by trust)
Footnotes (1)
  1. Includes the transfer of 29,061 shares to the Frank A Calderoni and Brenda J Zawatski Living Trust dtd 03/11/05 on May 16, 2025. Shares held by the Frank A Calderoni and Brenda J Zawatski Living Trust dtd 03/11/2005 of which the reporting person is a trustee. This restricted stock unit award vested in full on April 15, 2026. Vests 100% on the day of the Issuer's next annual meeting of stockholders.
RSUs vested 900 restricted stock units Vested in full on April 15, 2026
Common shares from vesting 900 shares Shares of Adobe common stock acquired upon RSU vesting
New RSU grant 1,367 restricted stock units Grant vests 100% on the day of the next annual meeting
Direct holdings after transactions 3,656 shares Adobe common stock held directly by Calderoni
Indirect holdings via trust 29,061 shares Adobe common stock held by the Frank A Calderoni and Brenda J Zawatski Living Trust
Derivative exercises 1 exercise, 900 shares Exercise or conversion of derivative security as summarized in filing
Restricted Stock Units financial
"This restricted stock unit award vested in full on April 15, 2026."
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Living Trust financial
"Frank A Calderoni and Brenda J Zawatski Living Trust dtd 03/11/2005"
trustee financial
"of which the reporting person is a trustee."
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CALDERONI FRANK
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026M900A$03,656D(1)
Common Stock29,061I(1)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$004/15/2026M900 (3) (3)Common Stock900$00D
Restricted Stock Units$004/15/2026A1,367 (4) (4)Common Stock1,367$01,367D
Explanation of Responses:
1. Includes the transfer of 29,061 shares to the Frank A Calderoni and Brenda J Zawatski Living Trust dtd 03/11/05 on May 16, 2025.
2. Shares held by the Frank A Calderoni and Brenda J Zawatski Living Trust dtd 03/11/2005 of which the reporting person is a trustee.
3. This restricted stock unit award vested in full on April 15, 2026.
4. Vests 100% on the day of the Issuer's next annual meeting of stockholders.
Remarks:
/s/ Jillian Forusz, as attorney-in-fact04/17/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What equity transactions did Adobe (ADBE) director Frank Calderoni report?

Frank Calderoni reported 900 restricted stock units vesting into 900 Adobe common shares and a new grant of 1,367 restricted stock units. These are compensation-related transactions, not open-market buys or sells, and reflect standard board-level equity awards and vesting activity.

How many Adobe (ADBE) shares does Frank Calderoni hold after this Form 4?

After the reported activity, Frank Calderoni directly holds 3,656 Adobe common shares. In addition, 29,061 shares are indirectly held by the Frank A Calderoni and Brenda J Zawatski Living Trust dated March 11, 2005, where he serves as a trustee, according to the filing.

What happened to the 900 restricted stock units reported by Adobe (ADBE) director?

The 900 restricted stock units vested in full on April 15, 2026, and were exercised into 900 shares of Adobe common stock at a conversion price of zero. This converts a derivative equity award into actual shares, a typical outcome when restricted stock units fully vest.

What are the terms of the new 1,367 RSU grant to the Adobe (ADBE) director?

The new grant of 1,367 restricted stock units to the Adobe director will vest 100% on the day of Adobe’s next annual meeting of stockholders. Until vesting, these RSUs represent a right to receive common shares rather than current share ownership.

How are Frank Calderoni’s indirect Adobe (ADBE) share holdings structured?

The filing shows 29,061 Adobe shares held indirectly by the Frank A Calderoni and Brenda J Zawatski Living Trust dated March 11, 2005. Calderoni is a trustee of this living trust, and a prior transfer of these shares into the trust is referenced in the footnotes.