Day Steven 4

What Happened

• Day Steven, Adobe's Interim Chief Financial Officer and Senior Vice President, had equity awards convert into 546 shares on June 15, 2026 (two conversions of 234 and 312 shares). To satisfy tax withholding obligations, he surrendered a total of 270 shares (116 and 154 shares) at $206.36 per share, generating $55,717 remitted for taxes. The conversions are reported as derivative exercises/conversions (code M) and the share surrenders for tax withholding are reported under code F.

Key Details

• Transaction date: June 15, 2026; filing date: June 17, 2026 (timely filing).
• Conversions/exercises: 234 shares and 312 shares acquired at $0.00 (conversion/vesting).
• Shares surrendered for taxes: 116 shares ($23,938) and 154 shares ($31,779) at $206.36/share — total tax withholding value $55,717.
• Net shares retained from this vesting event: 546 vested − 270 surrendered = 276 shares retained.
• Footnotes: F1 = shares surrendered to pay tax liability due at vesting; F2 = tranche vests 6.25% quarterly from June 15, 2022; F3 = tranche vests 12.5% quarterly from June 15, 2025.
• Filing does not state total shares owned after the transaction (only the net retained from this vesting event).

Context

• This appears to be a routine vesting/settlement event with “sell‑to‑cover” (share withholding) to pay taxes rather than an open‑market sale. Such withholding is standard and does not necessarily indicate a change in insider sentiment. No 10b5‑1 plan, gift, or other non‑routine disposition is indicated in the filing.