Burton Eve B 4

What Happened

• Eve B. Burton, a director of Intuit Inc., exercised/converted derivatives on January 18, 2026. The filing shows conversions of 1,215 shares at $0.00 and 137 shares at $213.87. The 137-share tranche has a reported value of $29,300.
• Each tranche was both acquired and disposed on the same date (i.e., acquired shares were immediately disposed). Code M indicates an exercise or conversion of a derivative instrument. The transactions appear to be routine disposals following conversion rather than a buy (no new long-term buy signal).

Key Details

• Transaction date: 2026-01-18; Filing date: 2026-01-21 (filed three days after the transaction date; Form 4 is generally due within 2 business days — this appears to be 1 business day late).
• Items reported:
  • 1,215 shares acquired at $0.00 and disposed at $0.00 (derivative conversion).
  • 137 shares acquired at $213.87 and disposed at $213.87 (total reported value ~$29,300).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 = 1-for-1; F2/F3 relate to vesting/release dates for restricted stock units (RSUs); F4 indicates fair market value on grant date and notes the award arose from the reporting person's election to receive director fees as RSUs — suggesting these conversions relate to RSUs/director fee elections.
• Transaction code M = exercise or conversion of a derivative; disposals on same day suggest a cashless conversion/sale or immediate disposition (e.g., to cover tax withholding or realize cash).

Context

• Conversions/exercises followed by immediate disposals are common for RSU vesting or option exercises when holders sell shares to cover taxes or convert compensation to cash; they are typically routine and not a straightforward bullish signal.
• This filing concerns a director (not a 10% owner). No 10b5-1 plan or other trading plan was disclosed in the provided excerpt.