Intuit (NASDAQ: INTU) director trust gifts 30,750 shares to nonprofit
Rhea-AI Filing Summary
Intuit Inc. director Scott D. Cook, through the Scott D. Cook and Helen Signe Ostby Family Trust where he serves as trustee, reported a charitable gift of 30,750 shares of Intuit common stock on January 8, 2026. The filing shows the shares were gifted to a nonprofit corporation at a reported price of $0 per share, consistent with a donation rather than a sale. After this transaction, the trust still beneficially owns 5,637,432 Intuit shares, reported as indirectly owned by Cook.
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Insights
Family trust linked to Intuit director donated 30,750 shares to a nonprofit.
This Form 4 reports that a block of 30,750 Intuit common shares, held by the Scott D. Cook and Helen Signe Ostby Family Trust where director Scott D. Cook is a trustee, was transferred as a gift to a nonprofit corporation on January 8, 2026. The transaction code is “G,” which denotes a bona fide gift, and the price per share is reported as $0, reinforcing that this was a donation rather than an open-market sale.
Following the gift, the trust continues to report indirect beneficial ownership of 5,637,432 Intuit shares. Because the transaction is a charitable transfer and not a sale for proceeds, and the filing does not quantify these holdings relative to total shares outstanding, the information is best viewed as routine ownership reporting rather than a thesis-changing event. Future ownership updates, if any, would appear in subsequent beneficial ownership filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 30,750 | $0.00 | -- |
Footnotes (1)
- The reporting person gifted these shares to a nonprofit corporation. Shares held in the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93 of which the reporting person is a trustee.
FAQ
What insider transaction did Intuit (INTU) report in this Form 4?
The filing reports that shares of Intuit common stock held by the Scott D. Cook and Helen Signe Ostby Family Trust, associated with director Scott D. Cook, were transferred as a gift to a nonprofit corporation on January 8, 2026.
What is Scott D. Cook’s relationship to Intuit (INTU)?
The reporting person, Scott D. Cook, is identified in the filing as a director of Intuit Inc. and not as an officer or 10% owner based on the checked boxes.
Did the Intuit (INTU) director receive cash from this transaction?
No cash consideration is indicated. The transaction is coded as a gift with a reported price of $0 per share, consistent with a charitable donation.