=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-15
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: ADOBE INC. (ADBE)
CIK: 0000796343
--- Reporting Owner ---
Name: Durn Daniel
CIK: 0001610062
Role: Officer (EVP & CFO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: +1,132 | Price: $0.00
Shares Owned After: 43,126.787 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-04-15 | Code: F (Payment of exercise/tax)
Shares: -592 | Price: $244.66
Total Value: $144,838.72
Shares Owned After: 42,534.787 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #3]
Security: Common Stock
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: +650 | Price: $0.00
Shares Owned After: 43,184.787 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-04-15 | Code: F (Payment of exercise/tax)
Shares: -340 | Price: $244.66
Total Value: $83,184.40
Shares Owned After: 42,844.787 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #5]
Security: Common Stock
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: +1,050 | Price: $0.00
Shares Owned After: 43,894.787 | Ownership: D (Direct)
[Transaction #6]
Security: Common Stock
Date: 2026-04-15 | Code: F (Payment of exercise/tax)
Shares: -549 | Price: $244.66
Total Value: $134,318.34
Shares Owned After: 43,345.787 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #7]
Security: Common Stock
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: +1,726 | Price: $0.00
Shares Owned After: 45,071.787 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-04-15 | Code: F (Payment of exercise/tax)
Shares: -903 | Price: $244.66
Total Value: $220,927.98
Shares Owned After: 44,168.787 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: -1,132 | Price: $0.00
Shares Owned After: 3,395 | Ownership: D (Direct)
Footnotes:
[F2] Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
[F2] Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
[Transaction #2]
Security: Restricted Stock Units
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: -650 | Price: $0.00
Shares Owned After: 4,554 | Ownership: D (Direct)
Footnotes:
[F3] Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
[F3] Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
[Transaction #3]
Security: Restricted Stock Units
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: -1,050 | Price: $0.00
Shares Owned After: 11,556 | Ownership: D (Direct)
Footnotes:
[F4] Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
[F4] Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
[Transaction #4]
Security: Restricted Stock Units
Date: 2026-04-15 | Code: M (Exercise of derivative)
Shares: -1,726 | Price: $0.00
Shares Owned After: 25,905 | Ownership: D (Direct)
Footnotes:
[F5] Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
[F5] Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
--- Footnotes (Complete Index) ---
F1: Shares surrendered to pay tax liability due at vesting.
F2: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
F3: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
F4: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
--- Signature ---
/s/ /s/ Jillian Forusz, as attorney-in-fact (2026-04-17)