Boulden Melanie 4

What Happened Melanie Boulden, a director of Adobe Inc. (ADBE), had restricted stock/unit activity on April 15, 2026. A grant/award conversion resulted in 1,367 shares being acquired (award vesting). In addition, 900 derivative units were converted/exercised and 900 shares were simultaneously disposed — all at a reported price of $0.00, so no cash proceeds were reported.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
• Reported transactions:
  • 1,367 shares acquired via award (code A) at $0.00.
  • 900 shares entered as exercise/conversion (code M) at $0.00 (acquired) and 900 shares disposed (code M) at $0.00.
• Reported dollar value: $0 for each line (these were not open-market sales/purchases).
• Shares owned after the transactions: not specified in the provided filing.
• Footnotes:
  • F1: The restricted stock unit award vested in full on April 15, 2026.
  • F2: (As reported) vests 100% on the day of the issuer's next annual meeting of stockholders.

Context M-coded entries indicate exercise or conversion of a derivative security; paired $0.00 acquisition and disposition lines commonly reflect conversion/settlement and share surrender (often for tax withholding or settlement) rather than an open-market sale. The primary event here is vesting of RSUs (1,367 shares). There were no market purchases or sales that would indicate a direct buy/sell signal by the director.