Sandeep Aujla - Aug 28, 2023 Form 4 Insider Report for INTUIT INC. (INTU)

Signature
/s/ Erick Rivero, by power-of-attorney
Stock symbol
INTU
Transactions as of
Aug 28, 2023
Transactions value $
-$2,618,729
Form type
4
Date filed
8/30/2023, 04:28 PM
Previous filing
Aug 15, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTU Common Stock Sale -$54K -104 -30.64% $519.05 235 Aug 28, 2023 Direct
transaction INTU Common Stock Options Exercise $1.52M +5.01K +2128.29% $303.94 5.25K Aug 29, 2023 Direct
transaction INTU Common Stock Options Exercise $1.61M +5.72K +109.09% $281.60 11K Aug 29, 2023 Direct
transaction INTU Common Stock Sale -$5.7M -10.7K -97.85% $531.01 235 Aug 29, 2023 Direct F1

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 Non-Qualified Stock Options (right to buy) Options Exercise $0 -5.01K -75% $0.00 1.67K Aug 29, 2023 Common Stock 5.01K $303.94 Direct F2
transaction INTU Non-Qualified Stock Options (right to buy) Options Exercise $0 -5.72K -100% $0.00* 0 Aug 29, 2023 Common Stock 5.72K $281.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades ranging from $531 to $531.165. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Represents last vesting date for this tranche of stock options.

Remarks:

Transaction(s) on 8/28/2023 effected pursuant to a 10b5-1 trading plan adopted by the reporting person on January 4, 2023.