Form 4: Intuit CTO Sells Shares Under Pre-Arranged Trading Plan

Intuit's Executive Vice President and Chief Technology Officer, Alex G. Balazs, reported the sale of 881.999 shares of common stock in two separate open market transactions executed under a Rule 10b5-1 plan.

Summary

• Alex G. Balazs, the Executive Vice President and Chief Technology Officer of Intuit Inc. (INTU), reported changes in his beneficial ownership.
• The transactions occurred on July 8, 2025, and were sales of common stock.
• The first transaction involved the disposition of 20.253 shares at a weighted average price of $781.5509 per share.
• Following the first transaction, 861.746 shares were beneficially owned directly.
• The second transaction involved the disposition of 861.746 shares at a weighted average price of $781.6351 per share.
• After these transactions, Alex G. Balazs holds 0 shares of Intuit common stock directly.
• Both transactions were executed pursuant to a Rule 10b5-1(c) plan, indicating they were pre-scheduled.

Sentiment

Score: 5

Explanation: The document reports routine insider stock sales executed under a pre-arranged 10b5-1 plan, which is a neutral event for the company's operational or financial performance.

Positives

• The transactions were executed under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not based on new, non-public information.

Negatives

• Alex G. Balazs, EVP, Chief Technology Officer, disposed of all directly held common stock, resulting in zero direct beneficial ownership following the transactions.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even under a 10b5-1 plan, could be perceived as a slight negative signal regarding management's conviction, though the pre-planned nature mitigates this. The direct ownership going to zero is a notable point for shareholders.

Key Dates

Recommendation

Keywords

Intuit, INTU, Form 4, insider trading, stock sale, executive compensation, Alex G. Balazs, Chief Technology Officer, CTO, SEC filing, beneficial ownership, 10b5-1 plan