ADOBE INC. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information for Common Stock Our common stock is traded on the Nasdaq Global Select Market under the symbol “ADBE.” Stockholders According to the records of our transfer agent, there were 928 holders of record of our common stock on January 6, 2023. Because many of such shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders. Dividends We do not anticipate paying any cash dividends in the foreseeable future. Issuer Purchases of Equity Securities Below is a summary of stock repurchases for the three months ended December 2, 2022. See Note 14 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs. Period Total Number of Shares Repurchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans Approximate Dollar Value that May Yet be Purchased Under the Plans (1) (in millions, except average price per share) Beginning repurchase authority $ 8,700 September 3 — September 30, 2022 Shares repurchased 1.1 $ 371.04 1.1 $ (400) October 1 — October 28, 2022 Shares repurchased 2.1 $ 285.40 2.1 $ (584) (2) October 29 — December 2, 2022 Shares repurchased 1.8 $ 317.04 1.8 $ (583) (2) Total 5.0 5.0 $ 7,133 _________________________________________ (1) In December 2020, the Board of Directors granted authority to repurchase up to $15 billion in our common stock through the end of fiscal 2024. (2) In September 2022, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $1.75 billion. As of December 2, 2022, approximately $583 million of the prepayment remained under this agreement. ITEM 6. [RESERVED] 35 Table of Contents