Ricks David A 4

What Happened

• David A. Ricks, a director of Adobe Inc. (ADBE), had equity activity on April 15, 2026 that was reported on a Form 4 filed April 17, 2026. The filing shows he acquired 1,367 shares through a grant/award (RSU vesting) and had conversion/exercise activity for 900 derivative shares (acquired) and a corresponding 900-derivative share disposition. All transactions list a $0.00 per-share price, so no purchase price or cash proceeds are reported in the filing.

Key Details

• Transaction date(s): April 15, 2026; Form 4 filed April 17, 2026 (appears timely — within the usual 2-business-day window).
• Reported items:
  • Exercise/conversion (M): 900 shares acquired @ $0.00.
  • Exercise/conversion (M): 900 shares disposed @ $0.00 (reported as derivative).
  • Grant/award (A): 1,367 shares acquired @ $0.00 (derivative — RSU vesting).
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Notable footnotes from the filing:
  • F1: On Jan 21, 2026, 1,138 shares were transferred to Ricks as an annuity payment from the "David A Ricks 12-2022 Grantor Retained Annuity Trust."
  • F2: Some shares are held by that Grantor Retained Annuity Trust of which he is trustee.
  • F3: The 1,367-share restricted stock unit award vested in full on April 15, 2026.
  • F4: Indicates a separate award vests 100% on the issuer's next annual meeting date.
• No 10b5-1 plan, tax-withholding sale, or late-filing indication is noted in the provided summary.

Context

• These entries reflect internal corporate equity activity (RSU vesting and conversion/exercise of derivatives), not open-market purchases or discretionary sales. Such transactions are typically compensatory or administrative (vesting/conversion) and do not necessarily indicate a change in the insider's market view.
• M-code transactions mean an exercise or conversion of a derivative (e.g., option or similar instrument). The paired acquire/dispose reporting and $0.00 prices suggest conversion/settlement mechanics rather than a market sale for cash, but the filing does not detail cash flows or tax withholding.