01/16/2026 | Press release | Distributed by Public on 01/16/2026 17:25
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | $ 0 | 01/14/2026 | A | 11,070 | (3) | (3) | Common Stock | 11,070 | $ 0 | 11,070 | D | ||||
| Restricted Stock Units | $ 0 | 01/14/2026 | A | 2,692 | (4) | (4) | Common Stock | 2,692 | $ 0 | 2,692 | D | ||||
| Restricted Stock Units | $ 0 | 01/14/2026 | A | 4,284 | (5) | (5) | Common Stock | 4,284 | $ 0 | 4,284 | D | ||||
| Restricted Stock Units | $ 0 | 01/15/2026 | M | 761 | (6) | (6) | Common Stock | 761 | $ 0 | 3,042 | D | ||||
| Restricted Stock Units | $ 0 | 01/15/2026 | M | 438 | (7) | (7) | Common Stock | 438 | $ 0 | 3,497 | D | ||||
| Restricted Stock Units | $ 0 | 01/15/2026 | M | 696 | (8) | (8) | Common Stock | 696 | $ 0 | 8,346 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Wadhwani David ADOBE INC. 345 PARK AVENUE SAN JOSE, CA 95110 |
President, C&P | |||
| /s/ Jillian Forusz, as attorney-in-fact | 01/16/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Shares surrendered to pay tax liability due at vesting. |
| (2) | 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. |
| (3) | Represents shares earned under the 2023 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion and three-year relative total stockholder return goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2023 vesting commencement date. Such shares were previously reported as Performance Shares in a Form 4 at grant, on a voluntary basis and at 200% of total target payout. |
| (4) | Represents shares earned under the 2024 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2024 vesting commencement date. |
| (5) | Represents shares earned under the 2025 Performance Share Program for achievement of the fiscal year 2025 Net New Sales goal portion of the award certified on January 14, 2026, and that will vest in full on the three-year anniversary of the January 24, 2025 vesting commencement date. |
| (6) | Vests 6.25% quarterly from the vesting commencement date of January 15, 2023. |
| (7) | Vests 6.25% quarterly from the vesting commencement date of January 15, 2024. |
| (8) | Vests 6.25% quarterly from the vesting commencement date of January 15, 2025. |