CEO, President and Director Goodarzi Sasan K converted options into 2,539 shares and covered exercise/tax liability with 1,255 shares (SEC Form 4)
$INTU
Computer Software: Prepackaged Software
Technology
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 10/01/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 10/01/2024 | M | 932 | A | $0 | 96,796.775(1) | I | By Trust(2) | ||
| Common Stock | 10/01/2024 | M | 683.469 | A | $0 | 97,480.244 | I | By Trust(2) | ||
| Common Stock | 10/01/2024 | M | 887.561 | A | $0 | 98,367.805 | I | By Trust(2) | ||
| Common Stock | 10/01/2024 | M | 35.735 | A | $0 | 98,403.54 | I | By Trust(2) | ||
| Common Stock | 10/01/2024 | F | 1,255.241 | D | $606.28 | 97,148.299 | I | By Trust(2) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | 10/01/2024 | M | 932(4) | 10/01/2024(5) | (6) | Common Stock | 932 | $0 | 2,799 | D | ||||
| Restricted Stock Units | (3) | 10/01/2024 | M | 683.469(7) | 10/01/2024(8) | (6) | Common Stock | 683.469 | $0 | 4,663.531 | D | ||||
| Restricted Stock Units | (3) | 10/01/2024 | M | 887.561(9) | 10/01/2024(10) | (6) | Common Stock | 887.561 | $0 | 9,611.439 | D | ||||
| Restricted Stock Units | (3) | 10/01/2024 | M | 35.735 | 10/01/2024(11) | (6) | Common Stock | 35.735 | $0 | 12,660.265 | D | ||||
| Explanation of Responses: |
| 1. Total includes 1,620 shares that were previously inadvertently reported as being withheld for taxes in the Form 4 for the reporting person filed on September 6, 2023, due to an administrative error. |
| 2. Shares held in Goodarzi Revocable Trust U/A Dtd 5/18/2012 of which the reporting person is a trustee. |
| 3. 1-for-1 |
| 4. Represents 932 vested Restricted Stock Units which were subject to a one year deferred release. |
| 5. Represents release date for 932 Restricted Stock Units that vested on 10/1/2023. |
| 6. Restricted Stock Units do not expire; they either vest or are canceled prior to vesting date. |
| 7. Represents 653 vested Restricted Stock Units which were subject to a one year deferred release and 30.469 vested Restricted Stock Units for which release was accelerated to accommodate tax withholding obligations in connection with Restricted Stock Units which vested on 10/1/2024 but are subject to deferred release. |
| 8. Represents release date for 653 Restricted Stock Units and vesting and release date for 30.469 Restricted Stock Units. |
| 9. Represents 848 vested Restricted Stock Units which were subject to a one year deferred release and 39.561 vested Restricted Stock Units for which release was accelerated to accommodate tax withholding obligations in connection with Restricted Stock Units which vested on 10/1/2024 but are subject to deferred release. |
| 10. Represents release date for 848 Restricted Stock Units and vesting and release date for 39.561 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 7/27/2023. |
| Remarks: |
| /s/ Erick Rivero, by power-of-attorney | 10/03/2024 | |
| ** 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. | ||