NARAYEN SHANTANU 4

4 · ADOBE INC. · Filed Jan 16, 2026

Form 4

Period: 2026-01-14

DirectorChair and CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-01-15+2,200→ 394,754 total(indirect: By Trust)
Tax Payment
Common Stock
[F2][F1]
2026-01-15$304.09/sh−1,108$336,932→ 393,646 total(indirect: By Trust)
Exercise/Conversion
Common Stock
[F1]
2026-01-15+1,265→ 394,911 total(indirect: By Trust)
Tax Payment
Common Stock
[F2][F1]
2026-01-15$304.09/sh−627$190,664→ 394,284 total(indirect: By Trust)
Exercise/Conversion
Common Stock
[F1]
2026-01-15+1,978→ 396,262 total(indirect: By Trust)
Tax Payment
Common Stock
[F2][F1]
2026-01-15$304.09/sh−980$298,008→ 395,282 total(indirect: By Trust)
Award
Restricted Stock Units
[F3]
2026-01-14+32,027→ 32,027 total
Exercise: $0.00→ Common Stock (32,027 underlying)
Award
Restricted Stock Units
[F4]
2026-01-14+7,789→ 7,789 total
Exercise: $0.00→ Common Stock (7,789 underlying)
Award
Restricted Stock Units
[F5]
2026-01-14+12,182→ 12,182 total
Exercise: $0.00→ Common Stock (12,182 underlying)
Exercise/Conversion
Restricted Stock Units
[F6]
2026-01-15−2,200→ 8,799 total
Exercise: $0.00→ Common Stock (2,200 underlying)
Exercise/Conversion
Restricted Stock Units
[F7]
2026-01-15−1,265→ 10,117 total
Exercise: $0.00→ Common Stock (1,265 underlying)
Exercise/Conversion
Restricted Stock Units
[F8]
2026-01-15−1,978→ 23,734 total
Exercise: $0.00→ Common Stock (1,978 underlying)

Holdings

Footnotes (8)

[F1]Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
[F2]Shares surrendered to pay tax liability due at vesting.
[F3]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.
[F4]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.
[F5]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.
[F6]Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.
[F7]Vests 6.25% quarterly from the vesting commencement date of January 15, 2024.
[F8]Vests 6.25% quarterly from the vesting commencement date of January 15, 2025.

Signature

/s/ Jillian Forusz, as attorney-in-fact|2026-01-16

Documents

1 file