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

Scott Cook, Chair of the Executive Committee at Intuit, sold shares of common stock on May 30, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Scott Cook, Chair of the Executive Committee at Intuit, filed a Form 4 disclosing changes in beneficial ownership of Intuit stock.
• On May 30, 2024, Cook sold shares of Intuit common stock at various prices ranging from $562.9639 to $588.46.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 26, 2023.
• 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 6,701,721 shares indirectly 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 Scott D. Cook and Helen Signe Ostby Family Trust UTA 12/30/93, as well as 250,000 shares held by a trust of which an immediate family member is a beneficiary.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the stock sale was conducted under a pre-arranged trading plan, which doesn't necessarily reflect a negative outlook on the company.

Industry Context

Insider trading activity is closely monitored by investors as it can provide insights into management's perspective on the company's future prospects. Sales under a pre-arranged 10b5-1 plan are generally viewed as less informative than discretionary trades.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, although the pre-arranged nature of the sale may mitigate concerns.

Key Dates