Aujla Sandeep 4

What Happened

• Sandeep Aujla, EVP and Chief Financial Officer of Intuit, had restricted stock units (RSUs) vest on April 1, 2026. A total of 3,360 shares were converted (2,665 + 346 + 349). To satisfy tax withholding, 1,725.362 shares were disposed (sold) at an implied price of $432.38 per share, producing proceeds of $746,012. The RSU conversions show $0 exercise price because these were vested RSUs rather than options.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears timely).
• Converted shares: 3,360 RSUs converted to common stock (1-for-1 conversion).
• Shares sold/withheld for taxes: 1,725.362 shares at $432.38 (fair market value on prior trading day) = $746,012.
• Exercise/conversion code: M (exercise or conversion of derivative — here RSU vesting); withholding code: F (payment of exercise price or tax liability).
• Footnotes: F1 notes inclusion of 38.384 shares acquired via the Intuit ESPP on 3/15/2026; F4/F5 clarify these were RSU vesting and RSUs don't expire.
• Shares owned after the transaction: not specified in the provided filing summary.

Context

• This was a routine vesting of RSUs with a sell-to-cover to meet tax obligations (common executive practice). The $0 exercise price and footnotes confirm these were RSUs converting to common stock rather than option exercises requiring cash payment. Such sell-to-cover transactions are administrative and do not necessarily indicate a change in the insider’s view of the company.