{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-22-033412","form_type":"8-K","ticker":"ADBE","cik":"0000796343","company_name":"ADOBE INC.","filed_at":"2022-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:58.167715+00:00","generated_at":"2026-06-23T09:34:15.593835+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.95,"calibrated_materiality_score":0.95,"confidence":"high","headline":"Adobe to acquire Figma for ~$20B in cash and stock","bullets":["Total consideration ~$20B, half cash/half stock; ~6M RSUs to Figma CEO & employees vesting over 4 years.","Figma ARR expected to exceed $400M exiting 2022; net new ARR ~$200M; NDR >150%; gross margins ~90%; positive OCF.","Expected close in 2023; subject to regulatory clearances & Figma stockholder approval; $1B reverse termination fee if antitrust blocks deal.","Dylan Field to continue as Figma CEO, reporting to Adobe's David Wadhwani."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-22-033412","json":"https://secwatch.observer/filing/0001140361-22-033412.json","markdown":"https://secwatch.observer/filing/0001140361-22-033412.md","text":"https://secwatch.observer/filing/0001140361-22-033412.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796343/000114036122033412/0001140361-22-033412-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796343/000114036122033412/ny20005310x2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T09:34:15.593835+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}