Intuit (INTU) Director Richard Dalzell Exercises Options and Sells 58 Shares

What Happened

• Richard L. Dalzell, a director of Intuit Inc., exercised/converted derivatives (code M) on July 30, 2026 for 58 shares at $529.97 per share (total value ≈ $30,738) and the same number of shares/derivatives were disposed of the same day for the same per-share amount. This reports an exercise conversion with an immediate disposition (not a new outright purchase).

Key Details

• Transaction date: 2026-07-30; Price: $529.97 per share; Total value reported ≈ $30,738.
• Transaction type: M = exercise or conversion of derivative; same-day disposition recorded (disposed 58 shares/derivative).
• Shares owned after transaction: not specified in the provided filing.
• Filing date / timeliness: Form 4 filed 2026-07-31 reporting the 7/30/2026 transactions (appears timely).
• Relevant footnotes included in the filing:
  • F1: 1-for-1
  • F2: Vesting date for certain restricted stock units (RSUs).
  • F3: Release date for RSUs; RSUs do not expire and either vest or are canceled prior to vesting.
  • F4: Fair market value on grant date; relates to election to receive director fees as RSUs (not the exercise reported here).

Context

• For derivative transactions like this (code M), the insider exercised a derivative right (e.g., option or other convertible award) and the filing shows an immediate disposition of the resulting shares/derivative. That pattern often reflects a cashless or simultaneous sell/settlement rather than a long-term buy.
• The footnotes reference RSU treatment and grant valuation and do not indicate a separate open-market purchase or a 10b5-1 plan.