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: Chen Gloria CIK: 0001795424 Role: Officer (EVP, Chief People Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +770 | Price: $0.00 Shares Owned After: 49,566.119 | Ownership: D (Direct) Footnotes: [F1] Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended. [Transaction #2] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -381 | Price: $224.56 Total Value: $85,557.36 Shares Owned After: 49,185.119 | Ownership: D (Direct) Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. [Transaction #3] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +442 | Price: $0.00 Shares Owned After: 49,627.119 | Ownership: D (Direct) [Transaction #4] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -219 | Price: $224.56 Total Value: $49,178.64 Shares Owned After: 49,408.119 | Ownership: D (Direct) Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. [Transaction #5] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +725 | Price: $0.00 Shares Owned After: 50,133.119 | Ownership: D (Direct) [Transaction #6] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -359 | Price: $224.56 Total Value: $80,617.04 Shares Owned After: 49,774.119 | Ownership: D (Direct) Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. [Transaction #7] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +1,308 | Price: $0.00 Shares Owned After: 51,082.119 | Ownership: D (Direct) [Transaction #8] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -648 | Price: $224.56 Total Value: $145,514.88 Shares Owned After: 50,434.119 | Ownership: D (Direct) Footnotes: [F2] Shares surrendered to pay tax liability due at vesting. --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: -770 | Price: $0.00 Shares Owned After: 1,539 | 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: -442 | Price: $0.00 Shares Owned After: 2,655 | 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: -725 | Price: $0.00 Shares Owned After: 7,245 | 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: -1,308 | Price: $0.00 Shares Owned After: 18,317 | 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. [Transaction #5] Security: Restricted Stock Units Date: 2026-07-15 | Code: A (Grant or award) Shares: +31,662 | Price: $0.00 Shares Owned After: 31,662 | Ownership: D (Direct) Footnotes: [F8] Vests 50% annually from the vesting commencement date of July 15, 2026. [F8] Vests 50% annually from the vesting commencement date of July 15, 2026. --- Holdings --- [Holding #1] Security: Common Stock Ownership: I (Indirect) Footnotes: [F3] Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee. --- Footnotes (Complete Index) --- F1: Includes 75.007 shares acquired on June 30, 2026 pursuant to Adobe's 2020 Employee Stock Purchase Plan, as amended. F2: Shares surrendered to pay tax liability due at vesting. F3: Shares held by The John Kibarian and Gloria Chen Trust, dated 4/8/2004 of which the reporting person is a trustee. 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. F8: Vests 50% annually from the vesting commencement date of July 15, 2026. --- Signature --- /s/ /s/ Jillian Forusz, as attorney-in-fact (2026-07-17)