Form 4: Intuit Founder Scott Cook Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Scott Cook, founder of Intuit, sold shares of the company's common stock on February 28, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Scott Cook, a founder and director of Intuit Inc., sold shares of Intuit common stock on February 28, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on December 26, 2023.
- A total of 6,046 shares were sold at prices ranging from $599.51 to $614.26.
- The transactions were conducted through the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93.
- Following the reported transactions, Cook beneficially owns 6,219,900 shares through various trusts, including 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, as well as 162,397 shares held by a trust of which an immediate family member is a beneficiary.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 12/30/1993 | Date of the Scott D. Cook and Helen Signe Ostby Family Trust UTA (the '1993 Trust') |
| 12/30/1994 | Date of the Scott D. Cook and Helen Signe Ostby 1994 Charitable Trust UTA |
| 12/26/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 02/28/2025 | Date of the reported stock sales |
| 03/03/2025 | Date of the signature on the Form 4 filing |
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