Mawakana Tekedra 4

What Happened Mawakana Tekedra, a director of Intuit Inc. (INTU), reported conversions/exercises of derivative awards and grants of restricted stock units (RSUs). On 2026-01-22 she exercised/converted 694 derivative units (reported as acquired at $0.00) and those 694 units were also reported as disposed the same day. On 2026-01-23 she was credited with 497 RSUs (acquired at $0.00, vesting/release events) and an additional 45 RSUs granted at a fair market value of $563.97 per share (total value $25,378) under a director fee election.

These transactions are primarily awards/vests (A) and derivative conversions/exercises (M). The 45-share grant represents fee payment elected in RSUs (valued at $25,378). The same‑day conversion and disposition of 694 units indicates the converted derivative units were delivered or transferred the same day rather than retained.

Key Details

• Transaction dates and types:
  • 2026-01-22: M — 694 shares exercised/converted @ $0.00 (acquired) and 694 shares reported disposed @ $0.00 (derivative).
  • 2026-01-23: A — 497 shares acquired @ $0.00 (vested/released RSUs).
  • 2026-01-23: A — 45 shares acquired @ $563.97 ($25,378 total; director fee election).
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: 1-for-1 treatment.
  • F2/F3: Dates reflect vesting and release of RSUs; RSUs do not expire — they vest or are canceled prior to vesting.
  • F4: $563.97 is the fair market value on the grant date; the 45-share award was elected as payment of director fees in RSUs.
• Timeliness: Form 4 filed 2026-01-26 for report period 2026-01-22 (filed within required business-day window).

Context

• Code meanings: M = exercise or conversion of a derivative; A = grant/award. Derivative conversions at $0.00 typically reflect settlement of RSUs or conversion of other award instruments rather than a cash purchase.
• The 694-unit conversion and same‑day disposal indicates those converted units were not retained; the filing does not specify whether disposal was a sale, transfer to cover tax withholding, or other delivery.
• The 45-share award arises from an election to receive director fees in RSUs and has a stated FMV — this is a routine director compensation event rather than an open-market purchase or sale.