Oberg Kathleen K. 4

What Happened

• Kathleen K. Oberg, a director of Adobe Inc. (ADBE), had derivative activity and an equity award vest on April 15, 2026. The Form 4 reports an exercise/conversion (code M) involving 900 shares (acquired) and an immediate disposition of 900 shares (derivative) at $0.00, and a separate grant/award (code A) of 1,367 shares reported as acquired at $0.00. The 1,367-share award vested in full on April 15, 2026 per the filing (no cash value reported).

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
• Prices reported: $0.00 for the exercised/converted 900-share entry, $0.00 for the 900-share derivative disposition, and $0.00 for the 1,367-share award.
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Footnotes: F1 — the restricted stock unit award vested in full on April 15, 2026. F2 — notes an award that vests 100% on the day of the issuer’s next annual meeting of stockholders (included in filing).
• No 10b5-1 plan or tax-withholding detail is shown in the provided excerpt.

Context

• Code M means an exercise or conversion of a derivative security. The filing shows an exercise/conversion of 900 derivative shares with a simultaneous reported disposition of those 900 derivative shares (both at $0), plus the delivery of 1,367 shares from a vested RSU award. These are award/vest and exercise-related transactions rather than open-market purchases or sales; they typically reflect compensation vesting and option/RSU settlement rather than a directional bet on the stock.