Shantanu Narayen's Stock Transactions in Adobe Inc.

On October 24, 2025, Shantanu Narayen, Chair and CEO of Adobe Inc., engaged in several transactions involving the company's common stock and restricted stock units. Narayen acquired 1,254 shares of common stock at $0 per share, increasing his total holdings to 393,175 shares. He also disposed of 621 shares at $353.52 per share, reducing his holdings to 392,554 shares. Additionally, Narayen disposed of 1,254 restricted stock units, which are tied to common stock, leaving him with 1,255 units. These transactions were part of his role as a trustee of The Narayen Family Trust. The filing highlights the nature of these transactions and their impact on Narayen's ownership in Adobe Inc.