[Form 4] Intuit Inc Insider Trading Activity
Kerry J. McLean, EVP, General Counsel & Corporate Secretary of Intuit Inc. (INTU), reported multiple equity transactions on 08/12/2025. The filing shows purchases through the company’s management stock purchase program (MSPP): 185 restricted stock units (MSPP Purchased Award) and 178 restricted stock units (MSPP Matching Award) were acquired, and a separate entry records a disposition of 172.515 shares at a reported price of $706.09 (the fair market value on the prior trading day). Following the reported activity, beneficial ownership levels are listed around 23,730–23,903 shares depending on the line item.
The MSPP Purchased Award units are fully vested upon grant but settle on termination or three years from grant; the MSPP Matching Award vests and settles on the date shown. All holdings are reported as direct ownership. The form is a standard Section 16 disclosure of insider changes and contains no additional financial or forward-looking information.
- Participation in MSPP: Reporting person received 185 MSPP Purchased Award RSUs and 178 MSPP Matching Award RSUs, indicating program participation and company equity retention mechanism.
- Direct ownership maintained: All reported holdings are listed as direct beneficial ownership, with totals around 23,730–23,903 shares following transactions.
- Small disposition recorded: A sale/disposition of 172.515 shares at a reported price of $706.09 reduced the reporting person’s holdings slightly.
Insights
TL;DR: Insider participation increased direct holdings via MSPP awards while a modest sale occurred; overall impact appears neutral.
The filing documents routine equity compensation and a small sale by a senior executive. The acquisition of 185 purchased RSUs and 178 matching RSUs reflects participation in an employee purchase program rather than a market open-market buy. The sale of 172.515 shares at a price noted as $706.09 reduces holdings slightly but is modest versus total beneficial ownership (~23.7k–23.9k shares). There are no indications of unusual, large-scale disposition or material change to ownership stakes. For investors, this is a standard insider disclosure with limited standalone market impact.
TL;DR: Disclosure aligns with standard Section 16 reporting; awards vesting/settlement terms are clearly stated.
The Form 4 properly identifies the reporting person’s role and relationship to the issuer and distinguishes direct ownership and the nature of MSPP awards. Notes clarify that Purchased Award RSUs are fully vested on grant but settle later, and Matching Award RSUs have a specified vest/settlement date. Signature by power-of-attorney is included. The filing contains no governance red flags such as unexplained transfers, pledging, or large, unexpected divestitures.