ADOBE INC. (ADBE) · Insider Trading (Form 4) SEC Filing

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-07-15 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: 2026-07-15 | Code: M (Exercise of derivative) Shares: +2,200 | Price: $0.00 Shares Owned After: 361,738 | 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: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -1,090 | Price: $224.56 Total Value: $244,770.40 Shares Owned After: 360,648 | 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: 2026-07-15 | Code: M (Exercise of derivative) Shares: +1,264 | Price: $0.00 Shares Owned After: 361,912 | 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: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -626 | Price: $224.56 Total Value: $140,574.56 Shares Owned After: 361,286 | 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 #5] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +1,977 | Price: $0.00 Shares Owned After: 363,263 | 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 #6] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -980 | Price: $224.56 Total Value: $220,068.80 Shares Owned After: 362,283 | 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 #7] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +2,857 | Price: $0.00 Shares Owned After: 365,140 | 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 #8] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -1,416 | Price: $224.56 Total Value: $317,976.96 Shares Owned After: 363,724 | 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: 2026-07-15 | Code: M (Exercise of derivative) Shares: -2,200 | Price: $0.00 Shares Owned After: 4,400 | Ownership: D (Direct) Footnotes: [F4] Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. [F4] Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. [Transaction #2] Security: Restricted Stock Units Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: -1,264 | Price: $0.00 Shares Owned After: 7,588 | Ownership: D (Direct) Footnotes: [F5] Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. [F5] Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. [Transaction #3] Security: Restricted Stock Units Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: -1,977 | Price: $0.00 Shares Owned After: 19,779 | Ownership: D (Direct) Footnotes: [F6] Vests 6.25% quarterly from the vesting commencement date of January 15, 2025. [F6] Vests 6.25% quarterly from the vesting commencement date of January 15, 2025. [Transaction #4] Security: Restricted Stock Units Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: -2,857 | Price: $0.00 Shares Owned After: 40,003 | Ownership: D (Direct) Footnotes: [F7] Vests 6.25% quarterly from the vesting commencement date of January 15, 2026. [F7] Vests 6.25% quarterly from the vesting commencement date of January 15, 2026. --- Holdings --- [Holding #1] Security: Common Stock Ownership: D (Direct) Footnotes: [F3] Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended. --- 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: Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended. F4: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. F6: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025. F7: Vests 6.25% quarterly from the vesting commencement date of January 15, 2026. --- Signature --- /s/ /s/ Jillian Forusz, as attorney-in-fact (2026-07-17)