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

Scott Cook, founder of Intuit, sold shares of Intuit common stock through a series of transactions on March 11, 2025, executed under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On March 11, 2025, Scott Cook, a director and founder of Intuit Inc., executed multiple transactions involving the sale of Intuit common stock.
• These sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2023.
• The transactions involved the sale of shares at various prices ranging from $578.22 to $594.54.
• A total of 9,263 shares were sold, reducing Cook's indirectly held shares to 6,135,937 held by trusts.
• The shares are held in the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93, the Scott D. Cook and Helen Signe Ostby 1994 Charitable Trust UTA 12/30/94, and the Scott D. Cook 2023 GRAT.
• Cook is a trustee or beneficiary of each of these trusts.
• 162,397 shares are held by a Trust of which an immediate family member of Mr. Cook is a beneficiary.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock sales by an executive, which is neutral in sentiment.

Future Outlook

The reporting person will likely continue to execute sales under the 10b5-1 trading plan.

Industry Context

Executive stock sales are a common occurrence, and pre-planned sales under Rule 10b5-1 are often viewed as less impactful than discretionary sales.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions mitigates potential concerns.

Key Dates