STOCK TITAN

Intuit (NASDAQ: INTU) SVP gains stock through RSU vesting and tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INTUIT INC. senior vice president and chief accounting officer Lauren D. Hotz reported routine equity compensation activity involving restricted stock units. On April 1, 2026, she exercised or converted a total of 330 restricted stock units into an equal number of shares of Intuit common stock at an exercise price of $0.00 per share.

To cover tax obligations on this vesting, 120.548 shares of common stock were withheld at a fair market value of $432.38 per share, described as payment of tax liability by delivering securities rather than an open-market sale. After these transactions, Hotz directly owned 2,224.1872 shares of Intuit common stock, including 1.751 shares previously acquired through the Intuit Employee Stock Purchase Plan.

Positive

  • None.

Negative

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Insider Hotz Lauren D
Role SVP, Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 41 $0.00 --
Exercise Restricted Stock Units 104 $0.00 --
Exercise Restricted Stock Units 97 $0.00 --
Exercise Restricted Stock Units 88 $0.00 --
Exercise Common Stock 41 $0.00 --
Exercise Common Stock 104 $0.00 --
Exercise Common Stock 97 $0.00 --
Exercise Common Stock 88 $0.00 --
Tax Withholding Common Stock 120.548 $432.38 $52K
Holdings After Transaction: Restricted Stock Units — 42 shares (Direct); Common Stock — 2,055.735 shares (Direct)
Footnotes (1)
  1. Includes 1.751 shares acquired by the reporting person on 3/15/2026 through the Intuit Inc. Employee Stock Purchase Plan. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Represents vesting date for this tranche of restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
RSUs converted 330 restricted stock units Exercised or converted into common stock on April 1, 2026
Tax-withholding shares 120.548 shares Common stock withheld to satisfy tax liability
Fair market value per share $432.38 per share Used to value tax-withholding disposition
Shares owned after transaction 2,224.1872 shares Direct Intuit common stock holdings after April 1, 2026 activity
ESPP shares included 1.751 shares Acquired via Intuit Employee Stock Purchase Plan on March 15, 2026
Derivative exercises 4 transactions, 330 shares Exercise or conversion of restricted stock units coded as M
Restricted Stock Units financial
"security_title": "Restricted Stock Units"
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
"transaction_action": "tax-withholding disposition"
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.
Employee Stock Purchase Plan financial
"through the Intuit Inc. Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
fair market value financial
"Fair market value of Intuit Inc. common stock"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
SEC Form 4
FORM 4UNITED 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*
Hotz Lauren D

(Last)(First)(Middle)
C/O INTUIT INC.
2700 COAST AVENUE

(Street)
MOUNTAIN VIEW CALIFORNIA 94043

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/01/2026M41A$02,055.7352(1)D
Common Stock04/01/2026M104A$02,159.7352D
Common Stock04/01/2026M97A$02,256.7352D
Common Stock04/01/2026M88A$02,344.7352D
Common Stock04/01/2026F120.548D$432.38(2)2,224.1872D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)04/01/2026M4104/01/2026(4) (5)Common Stock41$042D
Restricted Stock Units(3)04/01/2026M10404/01/2026(4) (5)Common Stock104$0105D
Restricted Stock Units(3)04/01/2026M9704/01/2026(4) (5)Common Stock97$0485D
Restricted Stock Units(3)04/01/2026M8804/01/2026(4) (5)Common Stock88$0786D
Explanation of Responses:
1. Includes 1.751 shares acquired by the reporting person on 3/15/2026 through the Intuit Inc. Employee Stock Purchase Plan.
2. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
3. 1-for-1
4. Represents vesting date for this tranche of restricted stock units.
5. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
Remarks:
/s/ Erick Rivero, by power-of-attorney04/03/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did INTU executive Lauren D. Hotz report?

Lauren D. Hotz reported vesting and conversion of restricted stock units into Intuit common stock. She exercised 330 RSUs at $0.00 per share, receiving the same number of common shares as part of her equity compensation, rather than buying shares on the open market.

How many Intuit (INTU) shares did Lauren D. Hotz receive from RSU vesting?

Lauren D. Hotz received 330 shares of Intuit common stock through the exercise or conversion of restricted stock units. These RSUs vested and converted on April 1, 2026, at a stated exercise price of $0.00 per share, reflecting routine equity compensation vesting.

Were any Intuit (INTU) shares sold by Lauren D. Hotz in this Form 4?

The filing shows no open-market sales by Lauren D. Hotz. Instead, 120.548 shares of Intuit common stock were withheld at $432.38 per share solely to satisfy tax obligations related to the RSU vesting, a non-discretionary tax-withholding disposition.

How many Intuit (INTU) shares does Lauren D. Hotz own after the reported transactions?

After the reported RSU vesting and tax withholding, Lauren D. Hotz directly owns 2,224.1872 shares of Intuit common stock. This total includes 1.751 shares previously acquired through the Intuit Inc. Employee Stock Purchase Plan, as noted in the footnotes.

What tax-withholding activity is disclosed for Intuit (INTU) executive Lauren D. Hotz?

To satisfy tax obligations from RSU vesting, 120.548 Intuit common shares were withheld at a fair market value of $432.38 per share. This transaction is coded as a tax-withholding disposition, meaning shares were delivered for taxes rather than sold in the market.

What is the significance of the $432.38 price in the INTU Form 4 filing?

The $432.38 figure represents the fair market value of Intuit common stock on the trading day immediately before the transaction. It is used to value the 120.548 shares withheld for taxes on the RSU vesting, according to the filing footnote description.