=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-28
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: ADOBE INC. (ADBE)
CIK: 0000796343
--- Reporting Owner ---
Name: NARAYEN SHANTANU
CIK: 0001224154
Role: Director, Officer (Chair and CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-04-28 | Code: S (Open market sale)
Shares: -51,422 | Price: $243.19
Total Value: $12,505,506.44
Shares Owned After: 383,116 | Ownership: I (Indirect) | Nature: by trust
Footnotes:
[F1] The sale was primarily made for the reporting person's tax and estate planning purposes.
[F2] This transaction was executed in multiple trades at prices ranging from $242.545 to $243.54. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
[F3] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
[Transaction #2]
Security: Common Stock
Date: 2026-04-28 | Code: S (Open market sale)
Shares: -13,237 | Price: $243.89
Total Value: $3,228,419.58
Shares Owned After: 369,879 | Ownership: I (Indirect) | Nature: by trust
Footnotes:
[F1] The sale was primarily made for the reporting person's tax and estate planning purposes.
[F4] This transaction was executed in multiple trades at prices ranging from $243.545 to $244.535. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
[F3] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
[Transaction #3]
Security: Common Stock
Date: 2026-04-28 | Code: S (Open market sale)
Shares: -10,341 | Price: $244.78
Total Value: $2,531,308.24
Shares Owned After: 359,538 | Ownership: I (Indirect) | Nature: by trust
Footnotes:
[F1] The sale was primarily made for the reporting person's tax and estate planning purposes.
[F5] This transaction was executed in multiple trades at prices ranging from $244.55 to $245.25. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
[F3] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: D (Direct)
--- Footnotes (Complete Index) ---
F1: The sale was primarily made for the reporting person's tax and estate planning purposes.
F2: This transaction was executed in multiple trades at prices ranging from $242.545 to $243.54. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F3: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
F4: This transaction was executed in multiple trades at prices ranging from $243.545 to $244.535. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
F5: This transaction was executed in multiple trades at prices ranging from $244.55 to $245.25. The price reported above reflects the weighted average execution price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range.
--- Signature ---
/s/ /s/ Jillian Forusz, as attorney-in-fact (2026-04-30)
