Richard L. Dalzell’s Form 4 activity over the past year paints a clear picture of a steady seller of Intuit Inc. (INTU) shares, with no open-market purchases recorded during the period. Across 40 total filings, all involving INTU, Dalzell executed 16 open-market sales totaling roughly $2.98 million, while acquiring about $254,700 in shares—almost entirely through option exercises (code M) and restricted stock grants (code A), which are compensation events rather than discretionary buys. The selling has been consistent and clustered, with notable transactions in December 2025 (three sales between $217,588 and $219,763), March 2026 (three sales ranging from $146,653 to $157,845), and a series of smaller disposals in June 2026 that stepped down from $99,117 to $74,498.
The pattern is one of regular monetization rather than opportunistic timing. Dalzell’s sales are spread across multiple dates, often in batches of two to five transactions on the same day, as seen on September 11, 2025, when five separate sales ranged from $21,252 to $55,454. The most recent activity, however, shows a shift: the last open-market sale occurred on June 23, 2026, and since then Dalzell has only engaged in option exercises and equity grants (July 2026), suggesting a pause in selling. Notably, there are no code P (purchase) transactions in the entire dataset, reinforcing that Dalzell’s bias is firmly toward reducing his INTU position, with total sell value exceeding total acquired value by a factor of more than 11.
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