Form 4: Intuit Founder Scott Cook Sells Shares Under 10b5-1 Trading Plan

Scott Cook, founder of Intuit Inc., sold shares of common stock on September 17 and 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Cook, a director and founder of Intuit Inc., sold shares of Intuit common stock on September 17 and 18, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 26, 2023.
• The transactions involved multiple sales at varying prices, ranging from approximately $632.65 to $648.905 per share.
• The shares were sold from the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93.
• Following the reported transactions, Cook continues to beneficially own a significant number of Intuit shares, both directly and indirectly through various trusts.
• The indirect holdings are primarily through the Scott D. Cook and Helen Signe Ostby 1994 Charitable Trust UTA 12/30/94, the Scott D. Cook 2023 GRAT and the 1993 Trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document simply reports stock sales under a pre-existing trading plan. It doesn't inherently indicate positive or negative news about the company's performance.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 trading plan allows insiders to sell shares over time without raising concerns about trading on material non-public information.

Key Dates