NARAYEN SHANTANU (Chairman, President and CEO) exercised options at ADOBE INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

NARAYEN SHANTANU

Filed: 4/17/2026ACC: 0000796343-26-000081

InsiderNARAYEN SHANTANUCIK 1224154

→

IssuerADOBE INC.CIK 796343

DirectorOfficer· Chairman, President and CEO

Since Jan 2019

-4.11K

Net shares

Net seller

$1.01M

Total sold

Open market trades

0B · 0S

Total transactions

8.30K acquired · 12.41K disposed

Non-Derivative Transactions8

Common Stock

Indirect

M · Option Exercise

+2.20K

Price / share

—

Trade value

—

% of position

0.5%

4/15/2026

430.35K→432.55K

Common Stock

Indirect

F · Tax Withholding

−1.09K

Price / share

$244.66

Trade value

$266.68K

% of position

0.3%

4/15/2026

432.55K→431.46K

Common Stock

Indirect

M · Option Exercise

+1.26K

Price / share

—

Trade value

—

% of position

0.3%

4/15/2026

431.46K→432.73K

Common Stock

Indirect

F · Tax Withholding

−627.00

Price / share

$244.66

Trade value

$153.40K

% of position

0.1%

4/15/2026

432.73K→432.10K

Common Stock

Indirect

M · Option Exercise

+1.98K

Price / share

—

Trade value

—

% of position

0.5%

4/15/2026

432.10K→434.08K

Common Stock

Indirect

F · Tax Withholding

−980.00

Price / share

$244.66

Trade value

$239.77K

% of position

0.2%

4/15/2026

434.08K→433.10K

Common Stock

Indirect

M · Option Exercise

+2.86K

Price / share

—

Trade value

—

% of position

0.7%

4/15/2026

433.10K→435.95K

Common Stock

Indirect

F · Tax Withholding

−1.42K

Price / share

$244.66

Trade value

$346.44K

% of position

0.3%

4/15/2026

435.95K→434.54K

Total

Net shares

+4.19K

Net value

-$1.01M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	4/15/2026	M · Option Exercise	+2.20K	—	—	0.5%	430.35K	432.55K
Common Stock Indirect	4/15/2026	F · Tax Withholding	−1.09K	$244.66	$266.68K	0.3%	432.55K	431.46K
Common Stock Indirect	4/15/2026	M · Option Exercise	+1.26K	—	—	0.3%	431.46K	432.73K
Common Stock Indirect	4/15/2026	F · Tax Withholding	−627.00	$244.66	$153.40K	0.1%	432.73K	432.10K
Common Stock Indirect	4/15/2026	M · Option Exercise	+1.98K	—	—	0.5%	432.10K	434.08K
Common Stock Indirect	4/15/2026	F · Tax Withholding	−980.00	$244.66	$239.77K	0.2%	434.08K	433.10K
Common Stock Indirect	4/15/2026	M · Option Exercise	+2.86K	—	—	0.7%	433.10K	435.95K
Common Stock Indirect	4/15/2026	F · Tax Withholding	−1.42K	$244.66	$346.44K	0.3%	435.95K	434.54K
Total			+4.19K		-$1.01M

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.20K shares

−2.20K

Strike price

Held after

6.60K

Exercisable

—

4/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.26K shares

−1.26K

Strike price

Held after

8.85K

Exercisable

—

4/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.98K shares

−1.98K

Strike price

Held after

21.76K

Exercisable

—

4/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.86K shares

−2.86K

Strike price

Held after

42.86K

Exercisable

—

4/15/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock2.20K shares	4/15/2026	M · Option Exercise	−2.20K	—	6.60K
Restricted Stock Units Direct	Common Stock1.26K shares	4/15/2026	M · Option Exercise	−1.26K	—	8.85K
Restricted Stock Units Direct	Common Stock1.98K shares	4/15/2026	M · Option Exercise	−1.98K	—	21.76K
Restricted Stock Units Direct	Common Stock2.86K shares	4/15/2026	M · Option Exercise	−2.86K	—	42.86K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Direct

Shares owned324.14

Total

324.14 direct324.14

Security Title	Shares Owned	Ownership Type
Common Stock	324.14	Direct
Total	324.14	324.14 direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported