# EDGAR Filing Document

**Accession Number:** 0000796343
**File Stem:** 0000796343-23-000022
**Filing Date:** 2023-1
**Character Count:** 8222
**Document Hash:** 1bca690455e6a04a2909a2b9e446b72d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000796343-23-000022.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000796343-23-000022

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230124

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Garfield Mark S.
- **CENTRAL INDEX KEY:** 0001602315

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-15175
- **FILM NUMBER:** 23558497

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110-2704
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADOBE INC.
- **CENTRAL INDEX KEY:** 0000796343
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 770019522
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1202

**BUSINESS ADDRESS:**
- **STREET 1:** 345 PARK AVE
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110-2704
- **BUSINESS PHONE:** 4085366000

**MAIL ADDRESS:**
- **STREET 1:** 345 PARK AVENUE
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95110-2704

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADOBE SYSTEMS INC
- **DATE OF NAME CHANGE:** 19940208

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Garfield Mark S.<br><sub>(Last) (First) (Middle)</sub><br>ADOBE INC.<br>345 PARK AVE<br><sub>(Street)</sub><br>SAN JOSE, CA 95110<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-24 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_SVP & CAO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>ADOBE INC. [ ADBE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-24 |  | M |  | 363 | A | $0 | 3634.0204 | D |  |
| Common Stock | 2023-01-24 |  | F |  | 198<sup>(1)</sup> | D | $361.32 | 3436.0204 | D |  |
| Common Stock | 2023-01-24 |  | M |  | 36 | A | $0 | 3472.0204 | D |  |
| Common Stock | 2023-01-24 |  | F |  | 20<sup>(1)</sup> | D | $361.32 | 3452.0204 | D |  |
| Common Stock | 2023-01-24 |  | M |  | 101 | A | $0 | 3553.0204 | D |  |
| Common Stock | 2023-01-24 |  | F |  | 49<sup>(1)</sup> | D | $361.32 | 3504.0204 | D |  |
| Common Stock | 2023-01-24 |  | M |  | 364 | A | $0 | 3868.0204 | D |  |
| Common Stock | 2023-01-24 |  | F |  | 180<sup>(1)</sup> | D | $361.32 | 3688.0204 | D |  |
| Common Stock | 2023-01-25 |  | S<sup>(2)</sup> |  | 209 | D | $355.42 | 3479.0204 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Performance Shares | $0.0 | 2023-01-24 |  | M |  |  | 363 | <sup>(3)</sup> | <sup>(3)</sup> | Common Stock | 363.0 | $0 | 0 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-24 |  | M |  |  | 36 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 36.0 | $0 | 144 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-24 |  | M |  |  | 101 | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 101.0 | $0 | 804 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-24 |  | M |  |  | 364 | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 364.0 | $0 | 1091 | D |  |
| Performance Shares | $0.0 | 2023-01-24 |  | A | V | 4056<sup>(7)</sup> |  | <sup>(8)</sup> | <sup>(8)</sup> | Common Stock | 4056.0 | $0 | 4056 | D |  |
| Restricted Stock Units | $0.0 | 2023-01-24 |  | A |  | 3042 |  | <sup>(9)</sup> | <sup>(9)</sup> | Common Stock | 3042.0 | $0 | 3042 | D |  |

---

### Footnotes:

(1) Shares surrendered to pay tax liability due at vesting.

(2) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person April 22, 2022.

(3) The Performance Shares vested in full upon the certification of performance goal achievement at 63% following the three-year anniversary of the January 24, 2020 vesting commencement date.

(4) Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.

(5) Vests 25% on the first anniversary of the January 24, 2021 vesting commencement date and then 6.25% quarterly thereafter.

(6) Vests 25% on the first anniversary of the January 24, 2022 vesting commencement date and then 6.25% quarterly thereafter.

(7) Represents 200% of the target payout (the maximum number of Performance Shares that will be earned, if at all) following the three-year performance period.

(8) The Performance Shares will vest in full upon the certification of performance goal achievements following the three-year anniversary of the January 24, 2023 vesting commencement date if the performance goals are achieved.

(9) Vests 6.25% quarterly from the vesting commencement date of January 15, 2023.

**Signature:** /s/ Allison Blais, as attorney-in-fact  
**Date:** 2023-01-26

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**