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Intuit (INTU) Form 4: Director Richard Dalzell reports 999-share sale

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Richard L. Dalzell, a director of Intuit Inc. (INTU), reported a series of open-market sales under a previously adopted Rule 10b5-1 trading plan dated March 25, 2025. Between September 9 and September 11, 2025, the reporting person sold a total of 999 shares in multiple transactions at weighted-average prices ranging from approximately $658.57 to $665.13. After the reported sales, the filing shows 14,475 shares beneficially owned by the reporting person. The Form 4 was signed by a power-of-attorney on behalf of the reporting person on September 11, 2025.

Positive

  • Transactions executed under a Rule 10b5-1 plan, indicating compliance with an established trading program adopted March 25, 2025
  • Clear disclosure of weighted-average prices and multi-trade execution ranges for the reported sales

Negative

  • Reporting person sold a total of 999 shares between September 9 and September 11, 2025, reducing beneficial ownership to 14,475 shares
  • Filing contains no contextual information on material company developments that might explain the timing of the sales

Insights

TL;DR: Director sold 999 shares under a pre-established 10b5-1 plan; modest reduction in holdings with no other material disclosures.

The reported transactions consist of multiple, small open-market sales executed over three days under a Rule 10b5-1 plan adopted March 25, 2025. Total shares sold equal 999 with weighted-average prices reported per trade grouping between approximately $658.15 and $665.20. Post-transaction beneficial ownership is 14,475 shares. The filing does not disclose any purchases, option exercises, or other arrangements beyond the sales and the 10b5-1 plan. From a market-impact perspective the size of the sale relative to outstanding shares is not stated in the filing, and no additional financial metrics or company developments are included.

TL;DR: Sales were executed under a documented 10b5-1 plan, indicating an intention to comply with insider trading rules; no governance concerns disclosed.

The Form 4 explicitly states the trades were effected pursuant to a previously adopted Rule 10b5-1 trading plan (March 25, 2025), which provides an affirmative defense to insider trading allegations when properly structured and executed. The filing is signed by a power-of-attorney on September 11, 2025. There are no indications in this document of amendments, exceptions, or related-party transfers. The disclosure is procedural and limited to the sales; it contains no information about the director's reasons for selling or any contemporaneous company material non-public information.

SEC Form 4
FORM 4 UNITED 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).
X
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*
DALZELL RICHARD L

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

(Street)
MOUNTAIN VIEW CA 94043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 09/09/2025 S(1) 333 D $669.31 15,141 D
Common Stock 09/10/2025 S(1) 333 D $669.39 14,808 D
Common Stock 09/11/2025 S(1) 80 D $658.568(2) 14,728 D
Common Stock 09/11/2025 S(1) 84 D $660.1781(3) 14,644 D
Common Stock 09/11/2025 S(1) 41 D $661.0417(4) 14,603 D
Common Stock 09/11/2025 S(1) 64 D $662.2425(5) 14,539 D
Common Stock 09/11/2025 S(1) 32 D $664.15(6) 14,507 D
Common Stock 09/11/2025 S(1) 32 D $665.125(7) 14,475 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 25, 2025.
2. This transaction was executed in multiple trades ranging from $658.15 to $658.83. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
3. This transaction was executed in multiple trades ranging from $659.56 to $660.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. This transaction was executed in multiple trades ranging from $660.90 to $661.19. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
5. This transaction was executed in multiple trades ranging from $661.92 to $662.91. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
6. This transaction was executed in multiple trades ranging from $663.85 to $664.45. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
7. This transaction was executed in multiple trades ranging from $665.05 to $665.20. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Remarks:
/s/ Erick Rivero, by power-of-attorney 09/11/2025
** Signature of Reporting Person Date
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.

FAQ

What transactions did INTU director Richard L. Dalzell report on Form 4?

He reported open-market sales totaling 999 shares executed between September 9 and September 11, 2025, in multiple trades under a Rule 10b5-1 plan.

Were the sales by the INTU director part of a trading plan?

Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted March 25, 2025.

What prices were the shares sold at according to the Form 4?

Weighted-average sales prices reported range approximately from $658.57 to $665.13 depending on the trade grouping; exact trade ranges are disclosed in the filing.

How many INTU shares did the reporting person own after the sales?

14,475 shares beneficially owned following the reported transactions.

Who signed the Form 4 filing for Richard L. Dalzell?

The Form 4 was signed by Erick Rivero by power-of-attorney on September 11, 2025.
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