Form 4: Intuit Founder Scott Cook Sells Shares Worth Millions Through Trusts
SEC Form 4 Filing
Scott Cook, founder of Intuit Inc., sold shares of common stock held by trusts, according to a recent SEC filing.
Summary
- Scott Cook, a founder and director of Intuit Inc., executed multiple sales of Intuit common stock on March 10, 2025.
- The sales were conducted through various trusts, including the Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93, pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 26, 2023.
- A total of 47,040 shares were sold at prices ranging from $576.2568 to $600.5314.
- Following these transactions, the trusts still hold a significant number of Intuit shares, with the total indirect beneficial ownership amounting to 6,144,900 shares held by the 1993 Trust, 162,397 shares held by the Scott D. Cook 2023 GRAT, and 43,868 shares held by the Scott D. Cook and Helen Signe Ostby 1994 Charitable Trust UTA 12/30/94.
- Cook is a trustee or beneficiary of each of these trusts.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by a company insider. The sentiment is neutral as it doesn't inherently suggest positive or negative implications for the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 12/30/1993 | Date of the Scott D. Cook and Helen Signe Ostby Family Trust UTA |
| 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 |
| 03/10/2025 | Date of the reported transactions |
| 03/12/2025 | Date of signature on the Form 4 filing |
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