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Adobe (ADBE) director Dheeraj Pandey logs RSU vesting and new equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Adobe Inc. director Dheeraj Pandey reported compensation-related equity activity. On April 15, 2026, 900 Restricted Stock Units fully vested and were exercised into 900 shares of Adobe common stock. The filing also shows a new grant of 1,367 Restricted Stock Units that will vest 100% on the day of Adobe’s next annual meeting of stockholders. Following these transactions, Pandey directly holds 5,920 shares of common stock and 1,367 unvested Restricted Stock Units.

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Insider Pandey Dheeraj
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 900 $0.00 --
Grant/Award Restricted Stock Units 1,367 $0.00 --
Exercise Common Stock 900 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 5,920 shares (Direct)
Footnotes (1)
  1. This restricted stock unit award vested in full on April 15, 2026. Vests 100% on the day of the Issuer's next annual meeting of stockholders.
RSUs vested 900 Restricted Stock Units Vested in full on April 15, 2026
Common shares from vesting 900 shares Common Stock acquired via RSU exercise on April 15, 2026
New RSU grant 1,367 Restricted Stock Units Grant that vests 100% on next annual meeting of stockholders
Common shares held after transactions 5,920 shares Direct Adobe common stock holdings following April 15, 2026 transactions
Unvested RSUs held 1,367 Restricted Stock Units Unvested RSUs outstanding after reported grant
Exercise transactions 1 exercise, 900 shares Derivative exercise/conversion count and shares per transactionSummary
Restricted Stock Units financial
"This restricted stock unit award vested in full on April 15, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
annual meeting of stockholders financial
"Vests 100% on the day of the Issuer's next annual meeting of stockholders."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Pandey Dheeraj
(Last)(First)(Middle)
ADOBE INC.
345 PARK AVENUE
(Street)
SAN JOSE CALIFORNIA 95110
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ADOBE INC. [ ADBE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026M900A$05,920D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$004/15/2026M900 (1) (1)Common Stock900$00D
Restricted Stock Units$004/15/2026A1,367 (2) (2)Common Stock1,367$01,367D
Explanation of Responses:
1. This restricted stock unit award vested in full on April 15, 2026.
2. Vests 100% on the day of the Issuer's next annual meeting of stockholders.
Remarks:
/s/ Jillian Forusz, as attorney-in-fact04/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Adobe (ADBE) director Dheeraj Pandey report in this Form 4 filing?

Adobe director Dheeraj Pandey reported equity compensation activity, not open-market trading. 900 Restricted Stock Units vested and converted into 900 common shares, and he received a new grant of 1,367 Restricted Stock Units, all recorded as direct holdings.

How many Adobe (ADBE) shares did Dheeraj Pandey acquire through RSU vesting?

Dheeraj Pandey acquired 900 Adobe common shares via the vesting of 900 Restricted Stock Units. These RSUs vested in full on April 15, 2026, and were reported as an exercise or conversion of a derivative security into common stock.

What new Restricted Stock Unit grant did Dheeraj Pandey receive from Adobe (ADBE)?

He received a grant of 1,367 Restricted Stock Units. According to the filing, this RSU award is scheduled to vest 100% on the day of Adobe’s next annual meeting of stockholders, and is recorded as a grant, award, or other acquisition.

Does the Adobe (ADBE) Form 4 show any open-market stock purchases or sales by Dheeraj Pandey?

The Form 4 does not show open-market purchases or sales. All reported transactions are exercises or conversions of Restricted Stock Units and a new RSU grant, with no shares classified as bought or sold in the market.

What are Dheeraj Pandey’s Adobe (ADBE) holdings after these Form 4 transactions?

After the reported transactions, Dheeraj Pandey directly holds 5,920 shares of Adobe common stock. He also holds 1,367 unvested Restricted Stock Units, which are scheduled to vest 100% on the day of Adobe’s next annual meeting of stockholders.

What does the transaction code “M” mean in the Adobe (ADBE) Form 4 for Dheeraj Pandey?

In this Form 4, code “M” represents the exercise or conversion of a derivative security. It shows 900 Restricted Stock Units being converted into 900 shares of Adobe common stock at a stated price per share of $0.0000, reflecting non-cash equity vesting.