Burton Eve B 4

What Happened

• Eve B. Burton, a director of Intuit Inc., exercised/converted 118 derivative units (transaction code M) into 118 shares at $248.86 per share, for a total of $29,365. The same day there is a matching disposition of 118 derivative shares valued at $29,365. The exercise (acquisition) is a purchase-type event (acquiring shares via exercise); the simultaneous disposition reduced the reporter’s derivative holdings.

Key Details

• Transaction date: 2026-05-03; Form 4 filed: 2026-05-05 (timely filing).
• Price: $248.86 per share; Shares involved: 118; Total value shown: $29,365.
• Transaction codes: M = exercise or conversion of a derivative; the filing also lists a same-day disposition of derivative shares.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes in the filing: F1 = 1-for-1; F2 = vesting date for RSUs; F3 = release date for RSUs (RSUs either vest or are canceled); F4 = fair market value at grant and notes RSUs were elected in lieu of director fees.

Context

• For derivative transactions like this, it’s common for executives/directors to exercise options and have an equal number of shares disposed the same day to cover the exercise cost or tax withholding; the filing itself does not state the reason for the disposition. This transaction is relatively small in dollar terms and appears routine for a director compensation/option exercise event.