=== 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: Forusz Jillian
CIK: 0002031886
Role: Officer (SVP & CAO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +60 | Price: $0.00
Shares Owned After: 3,884.156 | Ownership: D (Direct)
[Transaction #2]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -20 | Price: $224.56
Total Value: $4,491.20
Shares Owned After: 3,864.156 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #3]
Security: Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +34 | Price: $0.00
Shares Owned After: 3,898.156 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -11 | Price: $224.56
Total Value: $2,470.16
Shares Owned After: 3,887.156 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #5]
Security: Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +22 | Price: $0.00
Shares Owned After: 3,909.156 | Ownership: D (Direct)
[Transaction #6]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -7 | Price: $224.56
Total Value: $1,571.92
Shares Owned After: 3,902.156 | Ownership: D (Direct)
Footnotes:
[F1] Shares surrendered to pay tax liability due at vesting.
[Transaction #7]
Security: Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +576 | Price: $0.00
Shares Owned After: 4,478.156 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -238 | Price: $224.56
Total Value: $53,445.28
Shares Owned After: 4,240.156 | Ownership: D (Direct)
Footnotes:
[F1] 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: -60 | Price: $0.00
Shares Owned After: 120 | Ownership: D (Direct)
Footnotes:
[F2] Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
[F2] 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: -34 | Price: $0.00
Shares Owned After: 207 | Ownership: D (Direct)
Footnotes:
[F3] Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
[F3] 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: -22 | Price: $0.00
Shares Owned After: 218 | Ownership: D (Direct)
Footnotes:
[F4] Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
[F4] 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: -576 | Price: $0.00
Shares Owned After: 8,060 | 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.
[Transaction #5]
Security: Restricted Stock Units
Date: 2026-07-15 | Code: A (Grant or award)
Shares: +18,093 | Price: $0.00
Shares Owned After: 18,093 | Ownership: D (Direct)
Footnotes:
[F6] Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
[F6] Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
--- Footnotes (Complete Index) ---
F1: Shares surrendered to pay tax liability due at vesting.
F2: Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
F3: Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
F4: Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.
F5: Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
F6: Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
--- Signature ---
/s/ /s/ Jillian Forusz (2026-07-17)