Intuit (INTU) CFO Sandeep Aujla Exercises RSUs, Sells Shares for Taxes

What Happened
Sandeep Aujla, EVP and Chief Financial Officer of Intuit, had 7,215 performance-based restricted stock units (RSUs) vest and convert to common stock on September 1, 2026. To cover tax withholding, 3,704.904 of those shares were disposed at a per-share fair market value of $359.30, resulting in proceeds of $1,331,172. The RSUs carried no exercise price ($0.00), so the conversion was effectively a release of vested shares; Aujla retained the remaining ~3,510.096 shares.

Key Details

• Transaction date: 2026-09-01; Fair market value used: $359.30 (per footnote F1, trading day immediately preceding transaction).
• Converted/exercised (M): 7,215 RSUs -> 7,215 shares at $0.00.
• Tax withholding/sale (F): 3,704.904 shares sold @ $359.30 = $1,331,172 to cover tax liability.
• Net shares retained from the vesting: ~3,510.096 shares.
• Footnotes: RSUs are performance-based awards granted 7/27/2023 (F3), vested and released on 9/1/2026 (F4); these RSUs do not expire (F5).
• Filing: Reported on Form 4 filed 2026-09-03 for a 2026-09-01 transaction; appears to be timely (no late filing flag).

Context
This was a routine release of vested performance RSUs with a portion of shares sold/withheld to satisfy tax withholding obligations (transaction code F). Such sales to cover taxes are common and do not necessarily indicate a broader insider view of the stock. The conversion was not a cash purchase (exercise price $0), so no out-of-pocket exercise payment was required.