3: Initial statement of beneficial ownership of securities
Published on August 7, 2023
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/01/2023 |
3. Issuer Name and Ticker or Trading Symbol
INTUIT INC. [ INTU ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
|---|---|---|---|
| Common Stock | 132.404 | D |
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
|---|---|---|---|---|---|---|---|
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Non-Qualified Stock Options (right to buy) | (1) | 07/24/2026 | Common Stock | 5,722 | 281.6 | D | |
| Non-Qualified Stock Options (right to buy) | (2) | 07/29/2027 | Common Stock | 6,680 | 303.94 | D | |
| Non-Qualified Stock Options (right to buy) | (3) | 07/28/2028 | Common Stock | 6,140 | 525.51 | D | |
| Non-Qualified Stock Options (right to buy) | (4) | 07/26/2030 | Common Stock | 18,736 | 496.53 | D | |
| Restricted Stock Units (performance-based vesting) | 09/01/2023(5) | (6) | Common Stock | 3,243(7) | (8) | D | |
| Restricted Stock Units (performance-based vesting) | 09/01/2024(5) | (6) | Common Stock | 2,806(9) | (8) | D | |
| Restricted Stock Units (performance-based vesting) | 09/01/2026(5) | (6) | Common Stock | 10,989(10) | (8) | D | |
| Restricted Stock Units | (11) | (6) | Common Stock | 420 | (8) | D | |
| Restricted Stock Units | (12) | (6) | Common Stock | 412 | (8) | D | |
| Restricted Stock Units | (13) | (6) | Common Stock | 714 | (8) | D | |
| Restricted Stock Units | (14) | (6) | Common Stock | 29,315 | (8) | D | |
| Restricted Stock Units | (15) | (6) | Common Stock | 5,539 | (8) | D | |
| Restricted Stock Units (MSPP Purchased Award) | 08/14/2020(16) | (6) | Common Stock | 202 | (8) | D | |
| Restricted Stock Units (MSPP Matching Award) | 08/14/2023(17) | (6) | Common Stock | 202 | (8) | D | |
| Restricted Stock Units (MSPP Purchased Award) | 08/13/2021(16) | (6) | Common Stock | 129 | (8) | D | |
| Restricted Stock Units (MSPP Matching Award) | 08/13/2024(17) | (6) | Common Stock | 129 | (8) | D | |
| Restricted Stock Units (MSPP Purchased Award) | 08/12/2022(16) | (6) | Common Stock | 105 | (8) | D | |
| Restricted Stock Units (MSPP Matching Award) | 08/12/2025(17) | (6) | Common Stock | 105 | (8) | D | |
| Explanation of Responses: |
| 1. 25% of the 5,722 options granted on 7/25/2019 vested on 7/25/2020 and thereafter 2 1/12% of the options will vest on each monthly anniversary of the first vesting date until 100% vested. |
| 2. 25% of the 6,680 options granted on 7/30/2020 vested on 7/30/2021 and thereafter 2 1/12% of the options will vest on each monthly anniversary of the first vesting date until 100% vested. |
| 3. 25% of the 12,280 options granted on 7/29/2021 vested on 7/29/2022 and thereafter 2 1/12% of the options will vest on each monthly anniversary of the first vesting date until 100% vested. |
| 4. 25% of the 17,033 options granted on 7/27/2023 will vest on 7/27/2024 and thereafter 2 1/12% of the options will vest on each monthly anniversary of the first vesting date until 100% vested. |
| 5. Represents vesting date for Restricted Stock Units (performance-based vesting). |
| 6. Restricted Stock Units do not expire; they either vest or are canceled prior to vesting date. |
| 7. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2023. Vested Restricted Stock Units will be paid in an equal number of shares of Intuit Inc. common stock. |
| 8. 1-for-1 |
| 9. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2024. Vested Restricted Stock Units will be paid in an equal number of shares of Intuit Inc. common stock. |
| 10. The target number of units subject to the award is presented in the table; the number that vest may be 0-200% of this number ("awarded units"), depending upon performance. Following the achievement by the issuer of certain total shareholder return objectives, the awarded units will vest on 9/1/2026. Vested Restricted Stock Units will be paid in an equal number of shares of Intuit Inc. common stock. |
| 11. 25% of the 2,238 restricted stock units granted on 3/16/2020 vested on March 1, 2021 and thereafter 6.25% of the restricted stock units will vest on each June 1, September 1, December 1, and March 1 until the award is fully vested. |
| 12. 25% of the 1,646 restricted stock units granted on 7/30/2020 vested on July 1, 2021 and thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1, and July 1 until the award is fully vested. |
| 13. 25% of the 1,428 restricted stock units granted on 7/29/2021 vested on July 1, 2022 and thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1, and July 1 until the award is fully vested. |
| 14. 25% of the 42,641 restricted stock units granted on 4/18/2022 vested on April 1, 2023 and thereafter 6.25% of the restricted stock units will vest on each July 1, October 1, January 1, and April 1 until the award is fully vested. |
| 15. 25% of the 5,539 restricted stock units granted on 7/27/2023 will vest on July 1, 2024 and thereafter 6.25% of the restricted stock units will vest on each October 1, December 31, April 1, and July 1 until the award is fully vested. |
| 16. Represents vesting date for Restricted Stock Unit (MSPP Purchased Award). |
| 17. Represents vesting date for Restricted Stock Unit (MSPP Matching Award). |
| /s/ Tyler Cozzens, by power-of-attorney | 08/07/2023 | |
| ** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.