Sandeep Aujla - 01 Sep 2024 Form 4 Insider Report for INTUIT INC. (INTU)

Signature
/s/ Erick Rivero, by power-of-attorney
Issuer symbol
INTU
Transactions as of
01 Sep 2024
Net transactions value
-$1,381,643
Form type
4
Filing time
04 Sep 2024, 20:19:43 UTC
Previous filing
27 Aug 2024
Next filing
03 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTU Common Stock Options Exercise $0 +2,615 +76% $0.000000 6,045 01 Sep 2024 Direct
transaction INTU Common Stock Tax liability $846,315 -1,343 -22% $630.26 4,702 01 Sep 2024 Direct
transaction INTU Common Stock Sale $535,328 -862 -18% $621.03 3,840 04 Sep 2024 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 Restricted Stock Units (performance-based vesting) Options Exercise $0 -2,615 -100% $0.000000 0 01 Sep 2024 Common Stock 2,615 Direct F2, F3, F4, F5
* 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 The sales reported in this line item were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 3, 2024.
F2 1-for1.
F3 Represents the awarded and vested units pursuant to the Restricted Stock Units (performance-based vesting) grant related to achievement of certain total shareholder return objectives.
F4 Represents vesting and release date for Restricted Stock Units (performance-based vesting).
F5 Restricted Stock Units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.