Blum Steven M 4

What Happened

• Steven M. Blum, Chief Operating Officer of Autodesk (ADSK), had 15,403 Performance Stock Units (PSUs) vest on March 24, 2026 and was issued 15,403 shares (acquired at $0.00). To satisfy tax withholding, a total of 11,307 shares were withheld/disposed at $247.44 per share, generating proceeds of $1,296,586 (5,240 shares) and $1,501,218 (6,067 shares) respectively — about $2.80 million in aggregate.

Key Details

• Transaction date: March 24, 2026 (reported March 26, 2026).
• Award: 15,403 shares issued on vesting (PSU attainment).
• Tax withholding (code F): 5,240 shares @ $247.44 = $1,296,586 and 6,067 shares @ $247.44 = $1,501,218 (total 11,307 shares withheld).
• Shares owned after transaction: Filing notes include 10,803 unvested RSUs and references to shares held in a family trust, but the filing does not state a single consolidated total of all shares beneficially owned post-transaction.
• Notable footnotes: F1 = shares withheld for taxes; F4 = 15,403 PSUs vested on attainment 03/24/2026; F5/F6 = transfer/holding of certain shares in the BLUM FAMILY DECL. TRUST and trustee disclaimers; F2 notes inclusion of ESPP shares acquired Sept 2025 in the reported totals.
• Timeliness: Filing was submitted two days after the transaction (filed 03/26/2026 for 03/24/2026), consistent with timely Section 16 reporting.

Context

• This was an award vesting event (PSUs), not an open-market sale or purchase. The retained/disposed shares were for tax withholding — a routine administrative step that does not necessarily signal buy/sell intent.
• For retail investors, awards vesting increases insider-held shares but the withholding reduces net new shares taken into long-term ownership. The filing also shows some shares held in a family trust; the reporting person disclaims beneficial ownership of trust-held shares except to the extent of pecuniary interest.