[144] Intuit Inc SEC Filing
Rhea-AI Filing Summary
Form 144 filing for INTU discloses a proposed sale of 1,429 shares of common stock through Morgan Stanley Smith Barney on 08/28/2025 with an aggregate market value of $950,285.00. The shares were acquired on 08/28/2025 via a stock option exercise from the issuer and paid in cash. The filing lists 278,947,000 shares outstanding. The notice also records a prior sale by Laura Fennell of 25,648 shares on 05/29/2025 for gross proceeds of $19,293,654.14. The filer affirms there is no undisclosed material adverse information and includes the standard signature and legal attestation language.
Positive
- Disclosure completeness: Broker, share count, aggregate market value, acquisition method, payment method, and outstanding shares are all provided
- Transaction funded by stock option exercise, indicating shares were not purchased on margin or via third-party financing
Negative
- Significant prior insider sale: 25,648 shares sold on 05/29/2025 for $19,293,654.14, which may warrant attention to insider selling patterns
- No 10b5-1 plan date provided: The filing does not list a plan adoption or instruction date that would indicate an automated trading plan
Insights
TL;DR: Routine insider liquidity event; transaction size small relative to outstanding shares but prior sale generated notable proceeds.
The Form 144 documents a proposed sale of 1,429 shares funded by a same-day stock option exercise, a common mechanism for insiders to realize liquidity. The disclosed aggregate market value is $950,285 and the company’s shares outstanding are listed as 278,947,000, indicating the proposed sale is immaterial to capitalization. The prior sale by Laura Fennell on 05/29/2025 of 25,648 shares for $19,293,654.14 is sizeable in absolute dollar terms and relevant for monitoring insider selling patterns, but the filing itself contains no operational or financial performance data.
TL;DR: Disclosure aligns with Rule 144 requirements; attestation present, no indication of undisclosed material information.
The filing provides the broker, number of shares, acquisition details, method of payment, and a representation that no material nonpublic information is known—meeting procedural obligations under Rule 144. The inclusion of a prior sale by an identified insider supports transparency. There is no governance action, plan adoption date, or 10b5-1 plan cited in the provided fields, so no additional governance context is available from this document alone.