[Form 4] BlackRock Enhanced Large Cap Core Fund, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Intuit Inc. (INTU) – CEO Sasan Goodarzi Form 4 filing (07/03/2025)

The filing discloses multiple same-day transactions on 1 July 2025 tied to the scheduled release of previously vested restricted stock units (RSUs). Five RSU tranches, totalling 3,346.344 common shares, were converted to stock at $0 exercise price (Transaction Code “M”). All newly issued shares were deposited into the Goodarzi Revocable Trust, increasing its direct share position from 40,489.327 to 42,902.671.

To satisfy statutory tax-withholding obligations, the trust executed an “F” code disposition of 1,657.548 shares at a reference price of $787.63 (prior-day market close), generating proceeds of roughly $1.3 million. Net of the withholding sale, insider ownership via the trust rose by 1,688.796 shares.

The derivative table shows the corresponding reduction of RSU balances. After the conversions, Goodarzi still holds significant unvested or deferred RSUs—e.g., 9,486.961 units remain in one grant—indicating continued long-term equity exposure.

No open-market sale for discretionary purposes occurred; the only disposition was tax-related. From a governance perspective, the activity is routine and aligns with the company’s equity-based compensation structure. The dollar amount involved is modest relative to both Goodarzi’s total holdings and Intuit’s $180 billion+ market capitalisation, implying limited market impact.

Positive

• Net increase of 1,688.796 shares to CEO’s trust, signalling continued equity commitment.
• Transactions executed under standard compensation schedule, with clear disclosure and 10b5-1 compliance.

Negative

• Disposition of 1,657.548 shares (~$1.3 million) could be perceived by some investors as insider selling, albeit tax-related.

Insights

Equity Research Analyst

TL;DR – Routine RSU release; minor tax sale; neutral signal.

The CEO converted 3,346 RSUs and sold 1,658 shares solely for withholding, adding a net 1,689 shares to his trust. Withholding sales are pre-programmed and non-discretionary, so the activity does not imply a bearish view. Remaining RSU inventory (>9 k units) underscores ongoing alignment with shareholders. Given the modest dollar value versus Intuit’s market cap, I see no material impact on valuation or near-term trading dynamics.

Corporate Governance Specialist

TL;DR – Governance-friendly transaction; continued skin-in-the-game.

Goodarzi followed Rule 10b5-1 and Section 16 reporting norms, reinforcing transparency. The single “F” code disposition addresses tax obligations, not discretionary profit taking. The trust’s net long position increases, which is generally viewed positively for alignment incentives. There are no red flags such as large open-market dumps or complex derivative setups. Impact for investors is neutral; nevertheless, consistent reporting supports ESG oversight.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

HUBBARD ROBERT GLENN

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock Enhanced Large Cap Core Fund, Inc. [ CII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights(1)	(2)	07/01/2025		A		345.78		(3)	(3)	Common Stock	345.78	$21.33	11,783.67	D

Explanation of Responses:

1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.

2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc.

3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

	/s/ Gladys Chang as Attorney-in-Fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many Intuit (INTU) shares did CEO Sasan Goodarzi acquire on 07/01/2025?

He received 3,346.344 shares through RSU conversions at no cost.

Did the CEO sell any Intuit stock in this Form 4?

Yes, 1,657.548 shares were sold under transaction code “F” for tax withholding at $787.63 per share.

What is the CEO’s total beneficial ownership after the transactions?

Goodarzi’s trust now holds 41,245.123 INTU shares directly; additional RSUs remain outstanding.

Were the transactions part of a Rule 10b5-1 plan?

The form notes compliance language, indicating trades were conducted under an approved plan satisfying Rule 10b5-1(c).

How many RSUs does the CEO still hold after these conversions?

The filing shows multiple grants remain, including a balance of 9,486.961 RSUs in one grant.

Is this insider activity material to Intuit’s share price?

Given Intuit’s large market cap, the ~$1.3 million tax sale is considered immaterial and likely neutral for the stock.