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: 10/19/2026ACC: 0000796343-26-000166

InsiderNARAYEN SHANTANUCIK 1224154

→

IssuerADOBE INC.CIK 796343

DirectorOfficer· Chairman, President and CEO

Since Jan 2019

-4.11K

Net shares

Net seller

$1.04M

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

0.9%

10/15/2026

238.72K→240.92K

Common Stock

Indirect

F · Tax Withholding

−1.09K

Price / share

$251.67

Trade value

$274.32K

% of position

0.5%

10/15/2026

240.92K→239.83K

Common Stock

Indirect

M · Option Exercise

+1.26K

Price / share

—

Trade value

—

% of position

0.5%

10/15/2026

239.83K→241.10K

Common Stock

Indirect

F · Tax Withholding

−627.00

Price / share

$251.67

Trade value

$157.80K

% of position

0.3%

10/15/2026

241.10K→240.47K

Common Stock

Indirect

M · Option Exercise

+1.98K

Price / share

—

Trade value

—

% of position

0.8%

10/15/2026

240.47K→242.45K

Common Stock

Indirect

F · Tax Withholding

−980.00

Price / share

$251.67

Trade value

$246.64K

% of position

0.4%

10/15/2026

242.45K→241.47K

Common Stock

Indirect

M · Option Exercise

+2.86K

Price / share

—

Trade value

—

% of position

1.2%

10/15/2026

241.47K→244.33K

Common Stock

Indirect

F · Tax Withholding

−1.42K

Price / share

$251.67

Trade value

$356.36K

% of position

0.6%

10/15/2026

244.33K→242.91K

Total

Net shares

+4.19K

Net value

-$1.04M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	10/15/2026	M · Option Exercise	+2.20K	—	—	0.9%	238.72K	240.92K
Common Stock Indirect	10/15/2026	F · Tax Withholding	−1.09K	$251.67	$274.32K	0.5%	240.92K	239.83K
Common Stock Indirect	10/15/2026	M · Option Exercise	+1.26K	—	—	0.5%	239.83K	241.10K
Common Stock Indirect	10/15/2026	F · Tax Withholding	−627.00	$251.67	$157.80K	0.3%	241.10K	240.47K
Common Stock Indirect	10/15/2026	M · Option Exercise	+1.98K	—	—	0.8%	240.47K	242.45K
Common Stock Indirect	10/15/2026	F · Tax Withholding	−980.00	$251.67	$246.64K	0.4%	242.45K	241.47K
Common Stock Indirect	10/15/2026	M · Option Exercise	+2.86K	—	—	1.2%	241.47K	244.33K
Common Stock Indirect	10/15/2026	F · Tax Withholding	−1.42K	$251.67	$356.36K	0.6%	244.33K	242.91K
Total			+4.19K		-$1.04M

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.20K shares

−2.20K

Strike price

Held after

2.20K

Exercisable

—

10/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.26K shares

−1.26K

Strike price

Held after

6.32K

Exercisable

—

10/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.98K shares

−1.98K

Strike price

Held after

17.80K

Exercisable

—

10/15/2026

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

2.86K shares

−2.86K

Strike price

Held after

37.15K

Exercisable

—

10/15/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock2.20K shares	10/15/2026	M · Option Exercise	−2.20K	—	2.20K
Restricted Stock Units Direct	Common Stock1.26K shares	10/15/2026	M · Option Exercise	−1.26K	—	6.32K
Restricted Stock Units Direct	Common Stock1.98K shares	10/15/2026	M · Option Exercise	−1.98K	—	17.80K
Restricted Stock Units Direct	Common Stock2.86K shares	10/15/2026	M · Option Exercise	−2.86K	—	37.15K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Direct

Shares owned399.15

Total

399.15 direct399.15

Security Title	Shares Owned	Ownership Type
Common Stock	399.15	Direct
Total	399.15	399.15 direct

Derivative Holdings (Post-Transaction)0

No derivative holdings reported