FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * NARAYEN SHANTANU 2. Issuer Name and Ticker or Trading Symbol ADOBE INC. [ ADBE ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chairman, President and CEO
(Last)         (First)         (Middle)
ADOBE INC., 345 PARK AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)
7/24/2021
(Street)
SAN JOSE, CA 95110
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock  7/24/2021    M    2578  A $0  370109  I  by trust (1)
Common Stock  7/24/2021    F    1278 (2) D $625.87  368831  I  by trust (1)
Common Stock  7/24/2021    M    1757  A $0  370588  I  by trust (1)
Common Stock  7/24/2021    F    871 (2) D $625.87  369717  I  by trust (1)
Common Stock                 74.754 (3) D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit  $0.0  7/24/2021    M        2578    (4)  (4) Common Stock  2578.0  $0  15468  D   
Restricted Stock Unit  $0.0  7/24/2021    M        1757    (5)  (5) Common Stock  1757.0  $0  17566  D   

Explanation of Responses:
(1)  Shares held by The Narayen Family Trust, dtd 11/30/00 of which reporting person is a trustee.
(2)  Shares surrendered to pay tax liability due at vesting.
(3)  Includes 74.754 shares acquired on June 30, 2021 pursuant to Adobe's 2020 Employee Stock Purchase Plan.
(4)  Vests 25% on the first anniversary of the January 24, 2019 vesting commencement date and then 6.25% quarterly thereafter.
(5)  Vests 25% on the first anniversary of the January 24, 2020 vesting commencement date and then 6.25% quarterly thereafter.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
NARAYEN SHANTANU
ADOBE INC.
345 PARK AVENUE
SAN JOSE, CA 95110
X
Chairman, President and CEO

Signatures
/s/ Allison Blais, as attorney-in-fact 7/27/2021
**Signature of Reporting Person Date
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