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[Form 4] Intuit Inc Insider Trading Activity

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

Rhea-AI Filing Summary

Hilliard Caryl Lyn, EVP, People and Places at Intuit Inc. (INTU), reported transactions dated 09/01/2025. Performance-based restricted stock units vested on that date, converting 3,633 RSUs into common shares at no cash exercise price. To cover taxes or related obligations, 1,802.261 of those shares were disposed of at a reported price equal to the prior trading day's fair market value of $667 per share. Following the reported transactions, beneficial ownership is shown as 24,202.091 shares after the acquisition line and 22,399.83 shares after the disposition line. The filing notes the RSUs were granted for meeting total shareholder return performance objectives, vest 1-for-1 into common stock, do not expire, and the form was signed by power of attorney on 09/03/2025.

Positive

  • Performance-based RSUs vested, indicating achievement of specified total shareholder return objectives
  • Partial sell-to-cover executed, leaving the reporting executive with continued meaningful share ownership

Negative

  • None.

Insights

TL;DR: Routine performance-RSU vesting with a partial sell-to-cover; typical for senior executives, limited direct market impact.

The reported activity reflects standard compensation mechanics: performance-based restricted stock units vested after achieving specified total shareholder return goals and converted 1-for-1 into common shares. The simultaneous disposition of 1,802.261 shares at the prior trading day's fair market value appears consistent with tax withholding or sell-to-cover settlement rather than an opportunistic open-market sale. The net increase in long-term aligned equity remains modest vis-à-vis Intuit's market capitalization. For investors, this is a governance/compensation disclosure rather than a material corporate development.

TL;DR: Disclosure is complete and standard; it documents executive pay delivery and routine post-vesting mechanics.

The form clarifies the nature of the award: performance-based RSUs tied to total shareholder return, vesting and release on 09/01/2025, with no expiration. The filing includes both the grant conversion and a disposition, likely for tax withholding. Signature by power of attorney is noted. This filing does not signal governance concerns or extraordinary insider activity based on the information provided.

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).
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*
Hilliard Caryl Lyn

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, People and Places
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
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 09/01/2025 M 3,633 A $0 24,202.091 D
Common Stock 09/01/2025 F 1,802.261 D $667(1) 22,399.83 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
Restricted Stock Units (performance-based vesting) (2) 09/01/2025 M 3,633(3) 09/01/2025(4) (5) Common Stock 3,633 $0 0 D
Explanation of Responses:
1. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
2. 1-for-1
3. Represents the awarded and vested units pursuant to the restricted stock units (performance-based vesting) grant related to achievement of certain total shareholder return objectives.
4. Represents vesting and release date for restricted stock units (performance-based vesting).
5. Restricted stock units (performance-based vesting) do not expire; they either vest or are canceled prior to vesting date.
Remarks:
/s/ Erick Rivero, by power-of-attorney 09/03/2025
** 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 did Hilliard Caryl Lyn report on Form 4 for INTU?

The report shows 3,633 performance-based RSUs vested on 09/01/2025 and 1,802.261 shares were disposed of at a reported price of $667 per share.

Why were 1,802.261 shares disposed after the RSU vesting?

The filing lists a disposition at the prior trading day's fair market value; the explanatory language and common practice indicate this is consistent with tax withholding or sell-to-cover following vesting.

How many shares does Hilliard Caryl Lyn beneficially own after these transactions?

The filing lists beneficial ownership figures of 24,202.091 shares after the acquisition line and 22,399.83 shares following the disposition line.

What triggers the RSU vesting reported in this Form 4?

The RSUs were performance-based, vesting upon achievement of certain total shareholder return objectives; they convert 1-for-1 into common stock.

Do these RSUs expire if unvested?

No; the filing states the performance-based restricted stock units do not expire and either vest or are canceled prior to a vesting date.
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MOUNTAIN VIEW