INTU Form 4: Goodarzi vests RSUs and reports trust holdings
Rhea-AI Filing Summary
Sasan K. Goodarzi, CEO, President and Director of Intuit Inc. (INTU), filed a Form 4 reporting equity activity on 10/01/2025. The filing shows the vesting/release of restricted stock units that resulted in the acquisition of 2,382.016 shares (reported as acquisitions) and a contemporaneous disposition of 1,185.817 shares at a price of $682.91 per share. Following the reported transactions, the filing shows beneficial ownership of approximately 52,544.676 shares held indirectly by trust (Goodarzi Rev Trust u/a dated 5/18/2012), of which the reporting person is a trustee. The Form notes that portions of vested restricted stock units were subject to one-year deferred release and some releases were accelerated to accommodate tax withholding obligations. The filing was signed by power-of-attorney on 10/02/2025.
Positive
- 2,382.016 shares acquired via vested restricted stock units on 10/01/2025
- Beneficial ownership is held indirectly by a trust, providing continuity of holdings
- Filing discloses that some RSU releases were deferred one year, showing structured vesting
Negative
- Disposition of 1,185.817 shares at $682.91 on 10/01/2025
- Some RSU releases were accelerated to accommodate tax withholding, reducing held shares
Insights
Insider disclosed RSU vesting and a partial sale on 10/01/2025.
The Form 4 shows 2,382.016 shares acquired through RSU vesting and a disposition of 1,185.817 shares at $682.91. The remaining beneficial ownership reported is 52,544.676 shares held indirectly by a trust.
This pattern—vesting combined with a partial sale—reflects routine executive equity compensation management and tax-withholding accommodations explicitly disclosed in the filing.
Vested RSUs were partially deferred and some releases accelerated for tax withholding.
The filing documents multiple vested restricted stock units subject to one-year deferred release and accelerated releases to satisfy tax-withholding obligations. Specific vested amounts include 653.531, 888.009, 802.009, and 38.467 RSUs tied to release dates and tax-related accelerations.
Because the filing states the sale proceeds price ($682.91) and the trust ownership, the disclosure is consistent with standard post-vesting tax-management steps rather than an unexplained large directional trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 653.531 | $0.00 | -- |
| Exercise | Restricted Stock Units | 888.009 | $0.00 | -- |
| Exercise | Restricted Stock Units | 802.009 | $0.00 | -- |
| Exercise | Restricted Stock Units | 38.467 | $0.00 | -- |
| Exercise | Common Stock | 653.531 | $0.00 | -- |
| Exercise | Common Stock | 888.009 | $0.00 | -- |
| Exercise | Common Stock | 802.009 | $0.00 | -- |
| Exercise | Common Stock | 38.467 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,185.817 | $682.91 | $810K |
Footnotes (1)
- Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction. 1-for-1 Represents 653.531 vested restricted stock units which were subject to a one year deferred release. Represents release date for these vested restricted stock units. Restricted stock units do not expire; they either vest or are canceled prior to vesting date. Represents 848.439 vested restricted stock units which were subject to a one year deferred release and 39.570 vested restricted stock units for which release was accelerated to accommodate tax withholding obligations in connection with restricted stock units which vested on 10/1/2025 but are subject to deferred release. Represents release date for 848.439 vested restricted stock units and vesting and release date for 39.570 restricted stock units. Represents 766.265 vested restricted stock units which were subject to a one year deferred release and 35.744 vested restricted stock units for which release was accelerated to accommodate tax withholding obligations in connection with restricted stock units which vested on 10/1/2025 but are subject to deferred release. Represents release date for 766.265 vested restricted stock units and vesting and release date for 35.744 restricted stock units. Represents vesting and release date for this portion of restricted stock units to accommodate tax withholding obligations in connection with vesting and deferred release of certain restricted stock units granted on 7/25/2024.
