Intuit CFO Sandeep Aujla Exercises Awards, Sells Shares

What Happened
Sandeep Aujla, EVP and Chief Financial Officer of Intuit (INTU), converted/settled restricted-equity awards on Aug 11, 2026. According to the Form 4, three conversions/acquisitions of 120 shares each (zero exercise price) occurred, and of the shares from the settlement roughly 120 shares were sold at $497.77 for $59,732 and about 120.42 shares were surrendered/withheld to cover tax withholding valued at $334.43 per share for $40,272. These actions appear to be routine settlement of awards with partial sell-to-cover for taxes rather than an open-market purchase.

Key Details

• Transaction date: August 11, 2026; Form 4 filed Aug 13, 2026 (reporting appears timely).
• Main actions reported: conversions/exercises of derivatives/restricted awards (code M) resulting in three lots of 120 shares acquired at $0.00, plus disposals including:
  • ~120 shares sold at $497.77 for $59,732.
  • ~120.42 shares withheld/surrendered for tax withholding at $334.43/share = $40,272 (code F for tax payment/withholding).
• Footnotes indicate these were management stock purchase program (MSPP) related restricted stock units (RSUs) and matching/purchased awards; some RSUs were fully vested upon grant but settled now. Fair market value cited (F1) is the prior trading day price used for tax calculations.
• Shares owned after the transactions are not stated on the provided excerpt of the filing.

Context

• The filing shows conversions/settlements of restricted stock units and a common sell-to-cover/tax-withholding event (shares surrendered to cover taxes). Code M denotes exercise/conversion of a derivative; code F indicates shares used to pay taxes.
• This is generally routine compensation settlement activity and not necessarily a directional personal investment decision. The portion sold and the shares withheld for taxes are common when RSUs or similar awards vest or settle.