Pandey Dheeraj 4

What Happened
Dheeraj Pandey, a director of Adobe Inc. (ADBE), had a restricted stock unit award vest in full and converted/exercised derivative securities on April 15, 2026. The filing shows: 1,367 shares acquired via an award/vesting (price $0.00) and a conversion/exercise of 900 derivative shares (acquired and a concurrent 900-share disposition listed, both at $0.00). No cash amounts or sale proceeds are reported on the filing.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (timely within the normal 2-business-day window).
• Reported transactions: 1,367 shares acquired (award/vesting) @ $0.00; 900-share exercise/conversion acquired @ $0.00 and a same-day 900-share disposition @ $0.00.
• Total reported cash value: $0 (as reported on the Form 4).
• Shares owned after transaction: not disclosed in the provided summary.
• Footnotes: F1 — "This restricted stock unit award vested in full on April 15, 2026." F2 — "Vests 100% on the day of the Issuer's next annual meeting of stockholders."
• Filing timeliness: appears timely (filed two days after the transaction date).

Context
The activity indicates vesting of RSUs and conversion/exercise of derivative securities (Form code M). The concurrent disposition of 900 shares is listed on the form but shows $0.00; the filing does not provide details on proceeds or the reason for the disposition (e.g., net settlement, transfer, or sale). These are compensation-related events rather than an open-market purchase or sale, so they do not necessarily reflect a trading view on the stock.