Banse Amy 4

What Happened

• Amy Banse, a director of Adobe Inc., reported exercise/conversion activity and an award/vesting on April 15, 2026. The Form 4 shows: an exercise/conversion (derivative, code M) of 900 shares (acquired) at $0, a corresponding disposition of 900 shares (derivative, $0), and a grant/award acquisition of 1,367 shares (reported at $0). The 1,367-share entry is described as a restricted stock unit (RSU) award that vested in full on April 15, 2026. These were equity-compensation transactions (not open-market purchases or sales).

Key Details

• Transaction date: April 15, 2026; Form filed April 17, 2026 (timely filing).
• Reported share amounts and prices: 900 shares (exercise/conversion acquired) @ $0; 900 shares (exercise/conversion disposed) @ $0; 1,367 shares (award/vesting) @ $0.
• Footnotes: F1 — 2000 Crummey Trust holds certain shares for the benefit of the reporting person’s son; Banse disclaims beneficial ownership except for any pecuniary interest. F2 — the 1,367 RSU award vested in full on April 15, 2026. F3 — notes that one holding vests 100% on the day of the issuer’s next annual meeting.
• Shares owned following the transactions: not specified in the provided excerpt of the filing.
• No indication this was an open-market purchase or sale; values are reported as $0 (typical for compensation vesting/conversion entries).

Context

• These entries are equity-compensation items (exercise/conversion and RSU vesting). The paired 900-share acquisition and 900-share disposition recorded at $0 can reflect internal conversions or company-side adjustments (for example, tax withholding or share-for-share mechanics) rather than a market sale; the filing itself doesn’t state the reason. Vesting of RSUs typically reflects compensation being delivered to the insider and does not, by itself, imply a positive or negative signal about future company performance.