Desmond Laura 4

What Happened
Laura Desmond, a director of Adobe Inc. (ADBE), reported derivative activity and an award on April 15, 2026. The filing shows an exercise/conversion of 900 derivative shares (code M) and a simultaneous reported disposition of 900 derivative shares, both at $0. In addition, 1,367 restricted stock units (RSUs) were reported as acquired at $0 — a footnote states this RSU award vested in full on April 15, 2026. All reported dollar amounts are $0 per the filing.

Key Details

• Transaction date: 2026-04-15; Form 4 filed: 2026-04-17 (timely filing).
• Reported entries: exercise/conversion of derivative (M) — 900 shares acquired at $0 and 900 shares disposed at $0; grant/award (A) — 1,367 RSUs acquired at $0.
• Footnotes: F1 — the 1,367 RSU award vested in full on April 15, 2026. F2 — indicates a separate award vests 100% on the issuer's next annual meeting of stockholders.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• No 10b5‑1 plan or tax‑withholding detail disclosed in the provided data.

Context

• Code M denotes an exercise or conversion of a derivative (e.g., option exercise or conversion of convertible securities). The filing shows both acquisition and disposition entries for the 900-share derivative on the same date, and the RSUs vested in full — these are transfers/settlements rather than open‑market purchases or sales.
• These transactions are acquisitions via vesting/exercise, not open‑market buys or sales; they reflect equity compensation mechanics rather than a direct market trade.