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Intuit (NASDAQ:INTU) filed a Form 4 reporting that SVP & Chief Accounting Officer Lauren D. Hotz sold 1,738.347 common shares on 06/27/2025 at a weighted-average price of $784.09, generating proceeds of roughly $1.36 million.
The transaction reduced Hotz’s direct holdings to 454.5452 shares, a decline of about 79% versus her pre-sale position. The filing notes 2.84 shares were acquired earlier through the Employee Stock Purchase Plan. No derivative activity was reported.
Because the dollar value exceeds $1 million and materially shrinks an executive officer’s stake, the sale may influence investor sentiment regarding insider confidence.
Form 144 Notice of Proposed Sale filed by Lauren Dale Hotz, an officer at Intuit, indicating intent to sell 1,739 shares of common stock with an aggregate market value of $1,363,526.77. The sale is planned for execution on June 27, 2025 through Morgan Stanley Smith Barney LLC on NASDAQ.
The shares being sold originated from restricted stock acquired from the issuer on August 14, 2020. The securities vested during the period from August 14, 2020, through June 1, 2025. The proposed sale represents a minimal portion of Intuit's 278.95 million outstanding shares.
The filing confirms that the seller has no knowledge of material adverse information regarding Intuit's operations that hasn't been publicly disclosed. No other securities sales were reported by the seller in the past three months.