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INTU Form 4: Goodarzi vests RSUs and reports trust holdings

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

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.

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).
1. Name and Address of Reporting Person*
Goodarzi Sasan K

(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
X Officer (give title below) Other (specify below)
CEO, President and Director
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 M 653.531 A $0 52,002.008 I By Trust(1)
Common Stock 10/01/2025 M 888.009 A $0 52,890.017 I By Trust(1)
Common Stock 10/01/2025 M 802.009 A $0 53,692.026 I By Trust(1)
Common Stock 10/01/2025 M 38.467 A $0 53,730.493 I By Trust(1)
Common Stock 10/01/2025 F 1,185.817 D $682.91(2) 52,544.676 I By Trust(1)
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 (3) 10/01/2025 M 653.531(4) 10/01/2025(5) (6) Common Stock 653.531 $0 1,960.585 D
Restricted Stock Units (3) 10/01/2025 M 888.009(7) 10/01/2025(8) (6) Common Stock 888.009 $0 6,059.692 D
Restricted Stock Units (3) 10/01/2025 M 802.009(9) 10/01/2025(10) (6) Common Stock 802.009 $0 8,684.952 D
Restricted Stock Units (3) 10/01/2025 M 38.467 10/01/2025(11) (6) Common Stock 38.467 $0 13,618.686 D
Explanation of Responses:
1. Shares held in Goodarzi Rev Trust u/a Dtd 5/18/2012 of which reporting person is a trustee.
2. Fair market value of Intuit Inc. common stock on the trading day immediately preceding the date of reported transaction.
3. 1-for-1
4. Represents 653.531 vested restricted stock units which were subject to a one year deferred release.
5. Represents release date for these vested restricted stock units.
6. Restricted stock units do not expire; they either vest or are canceled prior to vesting date.
7. 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.
8. Represents release date for 848.439 vested restricted stock units and vesting and release date for 39.570 restricted stock units.
9. 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.
10. Represents release date for 766.265 vested restricted stock units and vesting and release date for 35.744 restricted stock units.
11. 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.
Remarks:
/s/ Erick Rivero, by power-of-attorney 10/02/2025
** 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 Intuit CEO Sasan Goodarzi report on Form 4 (INTU)?

The Form 4 reports the vesting/release of restricted stock units resulting in acquisition of 2,382.016 shares and a sale of 1,185.817 shares on 10/01/2025.

How many Intuit shares does Goodarzi beneficially own after the transactions?

The filing reports approximately 52,544.676 shares beneficially owned following the reported transactions, held indirectly by a trust.

At what price were the shares sold on 10/01/2025?

The disposition of 1,185.817 shares was reported at a price of $682.91 per share.

Why were some RSU releases accelerated in this filing?

The filing states that certain RSU releases were accelerated to accommodate tax withholding obligations related to RSUs that vested on 10/01/2025.

Who holds the shares reported in the Form 4?

Shares are held in the Goodarzi Rev Trust u/a dated 5/18/2012, for which the reporting person is a trustee.
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