Hanebrink Anton 4

What Happened
Anton Hanebrink, EVP, Corporate Strategy & Development at Intuit (INTU), had restricted stock units (derivative awards) convert/vest on April 1, 2026. A total of 824 shares were converted (348 + 252 + 224) at $0 per share (no exercise price). To cover tax withholding, 418.253 shares were surrendered/withheld at an implied fair market value of $432.38 per share, generating proceeds of $180,844. After withholding, Hanebrink received a net ~405.747 shares.

Key Details

• Transaction date: 2026-04-01 (Form 4 filed 2026-04-03 — appears timely).
• Converted shares: 824 shares (348, 252, and 224 tranches) at $0 (conversion of RSUs / derivative).
• Tax withholding/disposition: 418.253 shares withheld at $432.38 per share, total $180,844.
• Net shares retained from this vesting: 824 − 418.253 = 405.747 shares (≈406 shares).
• Footnotes: F1 notes 38.384 shares acquired 3/15/2026 via the Intuit ESPP; F2 = fair market value used; F4 indicates this was a vesting date for this RSU tranche; F5 clarifies RSUs vest or are canceled (do not expire).
• Filing timeliness: No late filing indicated (transaction 4/1; filed 4/3).

Context

• These transactions are conversions of RSUs (derivative-to-common stock conversion) with routine tax withholding — not an open-market sale or purchase. The withholding is standard to satisfy tax obligations and does not necessarily indicate a bearish or bullish view.
• For retail investors, RSU vesting increases insider ownership when shares are retained; here Hanebrink retained ~406 shares after withholding.