Sandeep Aujla - 01 Dec 2023 Form 4 Insider Report for INTUIT INC. (INTU)

Signature
/s/ Erick Rivero, by power-of-attorney
Issuer symbol
INTU
Transactions as of
01 Dec 2023
Net transactions value
-$60,684
Form type
4
Filing time
05 Dec 2023, 16:09:05 UTC
Previous filing
04 Oct 2023
Next filing
20 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTU Common Stock Options Exercise $0 +140 +13% $0.000000 1,238 01 Dec 2023 Direct
transaction INTU Common Stock Tax liability $41,351 -72 -5.8% $574.32 1,166 01 Dec 2023 Direct
transaction INTU Common Stock Sale $19,333 -34 -2.9% $568.62 1,132 04 Dec 2023 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 Units Options Exercise $0 -140 -50% $0.000000 140 01 Dec 2023 Common Stock 140 Direct F1, F2, F3
* 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 1-for-1
F2 Represents vesting date for this tranche of Restricted Stock Units.
F3 Restricted Stock Units do not expire; they either vest or are canceled prior to the vest date.

Remarks:

Transaction of 12/4/2023 was made pursuant to a 10b5-1 Trading Plan adopted by the reporting person on 1/4/2023.