Adobe Inc: interim CFO Day Steven exercised 2,100 shares

What happened

• Day Steven, interim chief financial officer and senior vice president, exercised options for a total of 2,100 shares on Oct 15, 2026 (exercise price $0.00).
• The filing shows 1,038 shares were surrendered to pay tax withholding at $251.67 per share, generating $261,233 in value.
• The filing also lists derivative disposition entries for 54, 62, 152, 419 and 1,413 shares at $0.00 corresponding to the exercised amounts.

Key details

• Transaction date: Oct 15, 2026. Exercise price reported: $0.00. Withholding price reported: $251.67 per share.
• Shares acquired by exercise: 54, 62, 152, 419 and 1,413 (total 2,100). Shares disposed to cover taxes: 26, 30, 75, 207 and 700 (total 1,038).
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 (shares surrendered to pay tax liability due at vesting); F2–F6 (awards vest 6.25% quarterly from various commencement dates of Jan 15, 2023; Jan 15, 2024; Jan 15, 2025; Jan 15, 2026; and Jul 15, 2026).
• Filing date: Oct 19, 2026; filing was timely.

Why it may matter

• The filing shows exercised options and that shares were surrendered to satisfy tax withholding, i.e., a cashless exercise for the withheld portion.
• For derivative transactions, the filing presents the exercise and matching derivative disposition entries.
• A filing does not show why the insider traded or why the company acted.