ITEM 3. LEGAL PROCEEDINGS The material set forth in the section titled "Legal Proceedings" in Note 16 of our Notes to Consolidated Financial Statements is incorporated herein by reference.ITEM 4. MINE SAFETY DISCLOSURESNot applicable.30Table of ContentsPART IIITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information for Common StockOur common stock is traded on the Nasdaq Global Select Market under the symbol "ADBE." StockholdersAccording to the records of our transfer agent, there were 801 holders of record of our common stock on January 9, 2026. 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.DividendsWe do not anticipate paying any cash dividends in the foreseeable future.Issuer Purchases of Equity SecuritiesBelow is a summary of stock repurchases for the three months ended November 28, 2025. See Note 14 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs. PeriodTotal Number of Shares RepurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced PlansApproximate Dollar Value that May Yet be Purchased Under the Plans (1) (in millions, except average price per share)August 30-September 26, 20252.1 $353.68 2.1 $8,088 September 27-October 24, 20252.3 $345.96 2.3 $7,307 October 25-November 28, 20252.8 $332.31 2.8 $6,369 Total7.2 7.2 _________________________________________(1)In March 2024, our Board of Directors granted authority to repurchase up to $25 billion in our common stock through March 14, 2028.ITEM 6. [RESERVED] 31Table of ContentsITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with our Consolidated Financial Statements and Notes thereto. Discussion regarding our financial condition and results of operations for fiscal 2024 as compared to fiscal 2023 is included in