---
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"
generated_at: "2026-06-23T09:34:15.593835+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Adobe to acquire Figma for ~$20B in cash and stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-033412
- JSON: https://secwatch.observer/filing/0001140361-22-033412.json
- Plain text: https://secwatch.observer/filing/0001140361-22-033412.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.