Form 4: Intuit CEO Sasan Goodarzi Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4
Intuit CEO Sasan Goodarzi exercised stock options and sold shares of common stock on January 2, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 2, 2025, Sasan K. Goodarzi, CEO, President, and Director of Intuit Inc., executed non-qualified stock options, acquiring 26,562 shares of common stock at a price of $281.60.
- Simultaneously, Goodarzi sold shares of Intuit common stock through a series of transactions at prices ranging from $620.4392 to $637.4768.
- These sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on September 30, 2024.
- The shares are held in the Goodarzi Rev Trust, of which Goodarzi is a trustee.
- Following these transactions, Goodarzi's indirectly held beneficial ownership decreased to 37,868.879 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common among executives of publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of trading on inside information.
Comparison to Industry Standards
- Executive compensation packages often include stock options as a form of long-term incentive.
- The use of 10b5-1 trading plans is a common practice among executives at companies like Microsoft, Apple, and Alphabet to manage their stock holdings and avoid insider trading concerns.
- The reported transactions are similar to those seen regularly in Form 4 filings across the technology sector.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan suggests no material impact is expected.
- Employees are unlikely to be directly affected by these transactions.
Key Dates
| Date | Description |
|---|---|
| 05/18/2012 | Date of Goodarzi Rev Trust u/a |
| 07/25/2023 | Original date of Non-Qualified Stock Options |
| 09/30/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 01/02/2025 | Date of transaction (exercise of options and sale of shares) |
| 01/06/2025 | Date of signature on the Form 4 filing |
| 07/24/2026 | Expiration date of Non-Qualified Stock Options |
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