Brad D. Smith - Sep 1, 2021 Form 4 Insider Report for INTUIT INC (INTU)

Role
Executive Chairman, Director
Signature
/s/ Erick Rivero, by-power-of-attorney
Stock symbol
INTU
Transactions as of
Sep 1, 2021
Transactions value $
-$22,538,715
Form type
4
Date filed
9/2/2021, 09:07 PM
Previous filing
Aug 16, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTU Common Stock Options Exercise $0 +83.1K +22.98% $0.00 445K Sep 1, 2021 Direct
transaction INTU Common Stock Tax liability -$22.1M -39.3K -8.83% $563.13 406K Sep 1, 2021 Direct
transaction INTU Common Stock Options Exercise $0 +753 +0.19% $0.00 406K Sep 1, 2021 Direct
transaction INTU Common Stock Tax liability -$424K -753 -0.19% $563.13 406K Sep 1, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INTU Restricted Stock Unit -performance-based vesting Options Exercise $0 -83.1K -100% $0.00* 0 Sep 1, 2021 Common Stock 83.1K Direct F1, F2, F3, F4
transaction INTU Restricted Stock Unit -performance-based vesting Options Exercise $0 -753 -1.42% $0.00 52.3K Sep 1, 2021 Common Stock 753 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1-for-1
F2 Represents the outstanding awarded and vested units pursuant to the Restricted Stock Unit (performance-based vesting) grant related to achievement of certain total shareholder return objectives.
F3 Represents release date for Restricted Stock Units (performance-based vesting) granted on 7/21/2017.
F4 Restricted Stock Units do not expire; they either vest or are canceled prior to vest date.
F5 Represents accelerated release date for these vested Restricted Stock Units to accommodate tax withholding obligation related to deferred release of vested Restricted Stock Units.