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[Form 4] Intuit Inc Insider Trading Activity

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

Rhea-AI Filing Summary

Intuit Inc. (INTU) reporting person Kerry J. McLean, EVP, General Counsel & Corporate Secretary, disclosed stock unit vesting and a sale on 09/01/2025. 7,267 performance-based restricted stock units vested and were converted 1-for-1 into 7,267 shares at no cash price, increasing holdings to 30,997.3326 shares (direct). Separately, 3,478 shares were sold at an effective per-share value based on the prior trading day's fair market value, reducing post-transaction holdings to 27,519.3326 shares (direct). The Form 4 was signed by power-of-attorney on 09/03/2025.

Positive

  • Alignment with shareholders: 7,267 performance-based RSUs vested, indicating achievement of total shareholder return objectives and alignment of executive pay with shareholder outcomes.
  • Transparency: Filing discloses both the vesting conversion and the subsequent sale with exact post-transaction holdings.

Negative

  • Insider sale: 3,478 shares were disposed of on 09/01/2025, reducing direct holdings from 30,997.3326 to 27,519.3326 shares.

Insights

TL;DR: Insider vesting aligns executive compensation with shareholder returns; a partial sale followed vesting.

The filing shows performance-based restricted stock units vested for Kerry J. McLean and converted into common shares on 09/01/2025, indicating achievement of TSR objectives tied to the grant. A contemporaneous sale of 3,478 shares at the prior trading day's fair market value reduced direct holdings. This is a routine disclosure of compensation realization and subsequent disposition under Section 16 reporting rules.

TL;DR: Vesting of 7,267 PSUs and a sale of 3,478 shares are material to insider holdings but typical for executive compensation events.

The report quantifies the conversion of performance-based RSUs into 7,267 shares (1-for-1) with no purchase price and a sale of 3,478 shares valued at the prior trading day's market price. Post-transactions, direct beneficial ownership is reported precisely. No grants, option exercises, or expirations beyond the described PSU vesting are disclosed.

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*
McLean Kerry J

(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, Gen. Counsel & Corp. Sec.
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 7,267 A $0 30,997.3326 D
Common Stock 09/01/2025 F 3,478 D $667(1) 27,519.3326 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 7,267(3) 09/01/2025(4) (5) Common Stock 7,267 $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 Kerry J. McLean report on Form 4 for INTU?

The filing reports 7,267 performance-based restricted stock units vested and converted to 7,267 shares on 09/01/2025, and a sale of 3,478 shares at the prior trading day's fair market value.

How many INTU shares does Kerry J. McLean own after the transactions?

After the reported transactions, McLean beneficially owns 27,519.3326 shares directly.

What triggered the 7,267 share conversion in the INTU Form 4?

The conversion resulted from the vesting and release of performance-based restricted stock units tied to total shareholder return objectives, reported as vested on 09/01/2025.

When was the Form 4 for INTU signed and by whom?

The Form 4 was signed by /s/ Erick Rivero, by power-of-attorney on 09/03/2025.

Were the vested RSUs paid for by McLean?

No purchase price was reported for the conversion; the RSUs converted 1-for-1 into common stock at $0 per unit.
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MOUNTAIN VIEW