Adobe (ADBE)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-01-24 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: 2026-01-24 | Code: M (Exercise of derivative) Shares: +1,255 | Price: $0.00 Shares Owned After: 396,537 | Ownership: I (Indirect) | Nature: by trust Footnotes: [F1] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. [Transaction #2] Security: Common Stock Date: 2026-01-24 | Code: F (Payment of exercise/tax) Shares: -622 | Price: $301.07 Total Value: $187,265.54 Shares Owned After: 395,915 | Ownership: I (Indirect) | Nature: by trust Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. [F1] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. [Transaction #3] Security: Common Stock Date: 2026-01-24 | Code: M (Exercise of derivative) Shares: +68,298 | Price: $0.00 Shares Owned After: 464,213 | Ownership: I (Indirect) | Nature: by trust Footnotes: [F1] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. [Transaction #4] Security: Common Stock Date: 2026-01-24 | Code: F (Payment of exercise/tax) Shares: -33,861 | Price: $301.07 Total Value: $10,194,531.27 Shares Owned After: 430,352 | Ownership: I (Indirect) | Nature: by trust Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. [F1] Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-01-24 | Code: M (Exercise of derivative) Shares: -1,255 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F3] Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter. [F3] Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter. [Transaction #2] Security: Performance Shares Date: 2026-01-24 | Code: M (Exercise of derivative) Shares: -68,298 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F4] Represents shares earned under the 2023 Performance Share Program that vested in full on the three-year anniversary of the January 24, 2023 vesting commencement date. [F4] Represents shares earned under the 2023 Performance Share Program that vested in full on the three-year anniversary of the January 24, 2023 vesting commencement date. [Transaction #3] Security: Restricted Stock Units Date: 2026-01-26 | Code: A (Grant or award) Shares: +45,717 | Price: $0.00 Shares Owned After: 45,717 | 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. --- Holdings --- [Holding #1] Security: Common Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee. F2: Shares surrendered to pay tax liability due at vesting. F3: Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter. F4: Represents shares earned under the 2023 Performance Share Program that vested in full on the three-year anniversary of the January 24, 2023 vesting commencement date. F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2026. --- Signature --- /s/ /s/ Jillian Forusz, as attorney-in-fact (2026-01-27)