=== 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: Day Steven
CIK: 0002140626
Role: Officer (Interim CFO and SVP)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: +55 | Price: $0.00
Shares Owned After: 5,024.696 | 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: -27 | Price: $224.56
Total Value: $6,063.12
Shares Owned After: 4,997.696 | 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: +63 | Price: $0.00
Shares Owned After: 5,060.696 | Ownership: D (Direct)
[Transaction #4]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -31 | Price: $224.56
Total Value: $6,961.36
Shares Owned After: 5,029.696 | 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: +153 | Price: $0.00
Shares Owned After: 5,182.696 | Ownership: D (Direct)
[Transaction #6]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -75 | Price: $224.56
Total Value: $16,842.00
Shares Owned After: 5,107.696 | 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: +419 | Price: $0.00
Shares Owned After: 5,526.696 | Ownership: D (Direct)
[Transaction #8]
Security: Common Stock
Date: 2026-07-15 | Code: F (Payment of exercise/tax)
Shares: -207 | Price: $224.56
Total Value: $46,483.92
Shares Owned After: 5,319.696 | 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: -55 | Price: $0.00
Shares Owned After: 109 | Ownership: D (Direct)
Footnotes:
[F3] 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, 2023.
[Transaction #2]
Security: Restricted Stock Units
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: -63 | Price: $0.00
Shares Owned After: 375 | Ownership: D (Direct)
Footnotes:
[F4] 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, 2024.
[Transaction #3]
Security: Restricted Stock Units
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: -153 | Price: $0.00
Shares Owned After: 1,522 | Ownership: D (Direct)
Footnotes:
[F5] 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, 2024.
[Transaction #4]
Security: Restricted Stock Units
Date: 2026-07-15 | Code: M (Exercise of derivative)
Shares: -419 | Price: $0.00
Shares Owned After: 5,862 | Ownership: D (Direct)
Footnotes:
[F6] Vests 6.25% quarterly from the vesting commencement date of January 15, 2026.
[F6] 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: +22,616 | Price: $0.00
Shares Owned After: 22,616 | Ownership: D (Direct)
Footnotes:
[F7] Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
[F7] Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
--- 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: 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, 2024.
F5: 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, 2026.
F7: Vests 6.25% quarterly from the vesting commencement date of July 15, 2026.
--- Signature ---
/s/ /s/ Jillian Forusz, as attorney-in-fact (2026-07-17)