Intuit (INTU) CEO converts RSUs to stock, trust uses shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTUIT INC. CEO Sasan K. Goodarzi reported routine equity compensation activity involving restricted stock units and common stock. On April 1, 2026, he exercised multiple blocks of vested restricted stock units totaling 3,242.992 underlying shares of Intuit common stock, many of which had been subject to a one‑year deferred release.
These exercises increased both his direct holdings and indirect holdings through the Goodarzi Rev Trust. In connection with these vestings and releases, the trust disposed of 1,277.861 shares of common stock at $432.38 per share to satisfy tax obligations, a tax-withholding disposition rather than an open-market sale. Following the transactions, the trust held 15,576.559 shares of Intuit common stock indirectly for Goodarzi.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,242.992 shares exercised/converted
Mixed
11 txns
Insider
Goodarzi Sasan K
Role
CEO, President and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 653.529 | $0.00 | -- |
| Exercise | Restricted Stock Units | 893.612 | $0.00 | -- |
| Exercise | Restricted Stock Units | 802.006 | $0.00 | -- |
| Exercise | Restricted Stock Units | 863.013 | $0.00 | -- |
| Exercise | Restricted Stock Units | 30.832 | $0.00 | -- |
| Exercise | Common Stock | 653.529 | $0.00 | -- |
| Exercise | Common Stock | 893.612 | $0.00 | -- |
| Exercise | Common Stock | 802.006 | $0.00 | -- |
| Exercise | Common Stock | 863.013 | $0.00 | -- |
| Exercise | Common Stock | 30.832 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,277.861 | $432.38 | $553K |
Holdings After Transaction:
Restricted Stock Units — 653.526 shares (Direct);
Common Stock — 14,264.957 shares (Indirect, By Trust)
Footnotes (1)
- Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee. Fair market value of Intuit Inc. common stock on date of grant; restricted stock units awarded pursuant to reporting person's election to receive payment of director's fees in the form of restricted stock units. 1-for-1 Represents 653.529 vested restricted stock units which were subject to a one year deferred release. Represents release date for these vested restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Represents 848.437 vested restricted stock units which were subject to a one year deferred release and 45.175 vested restricted stock units for which release was accelerated to accommodate tax withholding obligations in connection with restricted stock units which vested on 4/1/2026 but are subject to deferred release. Represents release date for 848.437 vested restricted stock units and vesting and release date for 45.175 restricted stock units. Represents 766.263 vested restricted stock units which were subject to a one year deferred release and 35.743 vested restricted stock units for which release was accelerated to accommodate tax withholding obligations in connection with restricted stock units which vested on 4/1/2026 but are subject to deferred release. Represents release date for 766.263 vested restricted stock units and vesting and release date for 35.743 restricted stock units. Represents 824.549 vested restricted stock units which were subject to a one year deferred release and 38.464 vested restricted stock units for which release was accelerated to accommodate tax withholding obligations in connection with restricted stock units which vested on 4/1/2026 but are subject to deferred release. Represents release date for 824.549 vested restricted stock units and vesting and release date for 38.464 restricted stock units. Represents vesting and release date for this portion of restricted stock units to accommodate tax withholding obligations in connection with vesting and deferred release of certain restricted stock units granted on 7/24/2025.
Key Figures
RSU exercises: 3,242.992 shares
Tax-withholding shares: 1,277.861 shares
Tax-withholding price: $432.38 per share
+1 more
4 metrics
RSU exercises
3,242.992 shares
Total underlying Intuit common shares from RSU conversions on April 1, 2026
Tax-withholding shares
1,277.861 shares
Common stock delivered to satisfy tax obligations through trust
Tax-withholding price
$432.38 per share
Fair market value applied to shares used for tax withholding
Trust holdings after transactions
15,576.559 shares
Indirect Intuit common stock position held by Goodarzi Rev Trust
Key Terms
Restricted Stock Units, tax-withholding disposition, Goodarzi Rev Trust, deferred release, +1 more
5 terms
Restricted Stock Units financial
"Restricted stock units awarded pursuant to reporting person's election to receive payment of director's fees"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Goodarzi Rev Trust financial
"Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee"
deferred release financial
"vested restricted stock units which were subject to a one year deferred release"
vesting and release date financial
"Represents vesting and release date for 45.175 restricted stock units"
FAQ
What did Intuit (INTU) CEO Sasan Goodarzi report in this Form 4?
He reported routine equity compensation activity. Multiple vested restricted stock unit awards were converted into Intuit common stock, increasing both his direct holdings and shares held indirectly through a revocable trust associated with him.
What role does the Goodarzi Rev Trust play in these Intuit (INTU) transactions?
The Goodarzi Rev Trust holds Intuit common stock indirectly for Sasan Goodarzi. Footnotes state he is a trustee of this trust, and several RSU conversions increased the trust’s holdings while the trust also provided shares for tax-withholding purposes.
Do these Intuit (INTU) Form 4 transactions indicate a change in CEO sentiment?
The transactions appear compensation-related. They primarily reflect the conversion of vested restricted stock units into common stock and a tax-withholding share disposition, which is a standard mechanism and not an open-market buy or sell decision.