DALZELL RICHARD L 4

What Happened

• Richard L. Dalzell, a director of Intuit Inc. (INTU), completed derivative transactions on Jan 22, 2026 and received restricted stock unit (RSU)‑related shares on Jan 23, 2026. On Jan 22 he exercised/converted derivative securities including 82 shares at an exercise price of $374.85 per share (total cost $30,738). The filing also shows 694 derivative shares with $0.00 exercise price recorded as both acquired and disposed the same day. On Jan 23 he received 497 shares (reported at $0.00) upon release of vested RSUs and an additional 57 shares granted as director fee election RSUs valued at $563.97 each (total value $32,146).

Key Details

• Transaction dates and amounts:
  • 2026-01-22: Exercise/conversion (code M) — 82 shares at $374.85 each; total reported $30,738 (acquired and also reported as disposed same day).
  • 2026-01-22: Exercise/conversion (code M) — 694 shares at $0.00 (acquired and disposed same day).
  • 2026-01-23: Grant/award or other acquisition (code A) — 497 shares at $0.00 (release of vested RSUs).
  • 2026-01-23: Grant/award (code A) — 57 shares at $563.97 each; total reported $32,146 (award in lieu of director fees).
• Shares owned after transactions: not specified in the filing.
• Footnotes of note:
  • F1: 1-for-1 conversion ratio.
  • F2/F3: indicate vesting and release dates for RSUs; RSUs do not expire but vest or are cancelled.
  • F4: $563.97 is the fair market value on the grant date; 57 shares were awarded pursuant to the insider’s election to receive director fees as RSUs.
• Filing timeliness: Form filed 2026-01-26 for transactions through 2026-01-23 — appears timely (no late filing indicated).

Context

• The filing shows both acquisition and disposition entries for the same share counts on Jan 22, which typically indicates immediate settlement or netting related to derivative exercises (e.g., conversion/settlement or sale to cover costs). For the 82‑share exercise, Dalzell incurred an exercise cost of $374.85 per share ($30,738). The 497 and 57 share entries on Jan 23 reflect RSU release and fee‑election awards, respectively—not purchases that require cash outlay. These RSU awards reflect compensation rather than open‑market buying, so they are routine compensation-related transactions rather than a direct bullish purchase signal.