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: Wadhwani David CIK: 0001494665 Role: Officer (President, C&P) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-07-15 | Code: M (Exercise of derivative) Shares: +761 | Price: $0.00 Shares Owned After: 42,096.098 | 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: -377 | Price: $224.56 Total Value: $84,659.12 Shares Owned After: 41,719.098 | 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: +437 | Price: $0.00 Shares Owned After: 42,156.098 | Ownership: D (Direct) [Transaction #4] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -216 | Price: $224.56 Total Value: $48,504.96 Shares Owned After: 41,940.098 | 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: +696 | Price: $0.00 Shares Owned After: 42,636.098 | Ownership: D (Direct) [Transaction #6] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -345 | Price: $224.56 Total Value: $77,473.20 Shares Owned After: 42,291.098 | 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: +1,130 | Price: $0.00 Shares Owned After: 43,421.098 | Ownership: D (Direct) [Transaction #8] Security: Common Stock Date: 2026-07-15 | Code: F (Payment of exercise/tax) Shares: -560 | Price: $224.56 Total Value: $125,753.60 Shares Owned After: 42,861.098 | 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: -761 | Price: $0.00 Shares Owned After: 1,521 | 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: -437 | Price: $0.00 Shares Owned After: 2,623 | 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: -696 | Price: $0.00 Shares Owned After: 6,955 | 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: -1,130 | Price: $0.00 Shares Owned After: 15,826 | 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: I (Indirect) Footnotes: [F3] All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the 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: All shares held by the 2006 Wadhwani Family Trust dtd 04/26/2006, of which the reporting person is a trustee, with the exception of 92 shares held by the Wadhwani 2020 Family GST Trusts dtd 12/06/2020 for the benefit of Mr. Wadhwani's children, of which the reporting person is the 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. --- Signature --- /s/ /s/ Jillian Forusz, as attorney-in-fact (2026-07-17)