Balazs Lara 4

What Happened Balazs Lara, Chief Marketing Officer & EVP of Adobe, converted/exercised a total of 2,537 derivative shares on April 15, 2026 (1,229 + 1,308 shares reported). No cash exercise price was reported ($0.00 per share). To satisfy tax withholding obligations at vesting, Lara surrendered 1,257 shares (609 + 648) at an effective value of $244.66/share, totaling about $307,538. Net shares retained after withholding: 1,280 shares.

Key Details

• Transaction date: 2026-04-15; filing date: 2026-04-17 (filed within the typical 2-business-day window).
• Conversions/exercises reported as: 1,229 shares @ $0.00 and 1,308 shares @ $0.00 (acquired).
• Tax withholding: 609 shares @ $244.66 = $148,998 and 648 shares @ $244.66 = $158,540 (total ≈ $307,538).
• Net shares retained after surrender: 1,280 shares (2,537 acquired − 1,257 surrendered).
• Footnotes: F1 = shares surrendered to pay tax liability at vesting; F2 & F3 = vesting schedules (25% then quarterly 6.25% from Jan 15, 2025; and 6.25% quarterly from Jan 15, 2026).
• Shares owned following the reported transactions are not specified in the filing.

Context These entries reflect derivative conversions/vests and routine tax-withholding (surrender of shares) rather than an open-market sale. The $0.00 per-share acquisition suggests conversion of awards (e.g., vested RSUs or similar) rather than a cash purchase; the surrendered shares satisfy tax obligations at vesting. This type of filing is generally administrative and does not by itself indicate a change in insider sentiment.