INTU Insider Sale: Scott Cook Disposes 529 Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Scott D. Cook, an Intuit Inc. director, reported a sale of 529 shares of Intuit common stock on 08/25/2025 at a price of $664.99 per share. The sale was executed under a previously adopted Rule 10b5-1 trading plan established December 26, 2023. After the reported transaction, the filing shows Mr. Cook beneficially owns 6,162,547 shares indirectly through trusts, with 43,868 shares held in a 1994 charitable trust and the remainder held in a 1993 family trust. The Form 4 was signed by power-of-attorney on 08/26/2025.
Positive
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Negative
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Insights
TL;DR: A routine, pre-planned sale of 529 shares under a 10b5-1 plan; ownership remains sizable at over 6.16 million shares.
The reported transaction is a small, scheduled disposition relative to the total indirect holdings of 6,162,547 shares and was executed pursuant to a Rule 10b5-1 plan adopted in December 2023. The per-share price of $664.99 reflects the execution price on 08/25/2025. Because the sale follows a pre-established plan and represents a small number of shares versus total holdings, this filing is informational and likely has limited market impact.
TL;DR: Transaction follows governance best practice by using a 10b5-1 plan and was disclosed on Form 4 promptly.
The disclosure identifies the reporting person as a director and clarifies indirect ownership through family and charitable trusts, including trustee/beneficiary roles. The use of a 10b5-1 trading plan reduces concerns about insider-timing. The Form 4 was filed and signed by power-of-attorney, meeting disclosure requirements for Section 16 insiders.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 529 | $664.99 | $352K |
Footnotes (1)
- The transactions reported on this Form 4 were effected by the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93 (the "1993 Trust") pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on December 26, 2023. Shares held in trusts as follows: 43,868 shares are held by the Scott D. Cook and Helen Signe Ostby 1994 Charitable Trust UTA 12/30/94, and the remaining shares are held by the 1993 Trust. The reporting person is a trustee or beneficiary of each of these trusts.