Intuit Issues 2 Trillion Won Corporate Bonds…Executives Buy Shares, Some Sell

Intuit Inc. (NASDAQ: INTU) raised $1.75 billion (approximately KRW 2 trillion) on June 11 by issuing two tranches of senior notes under supplemental indentures: $750 million of 4.95% notes due 2031 and $1 billion of 5.50% notes due 2036.

Earlier, on May 22 and 26, Executive Vice President Vasant M. Prabhu acquired 1,750 shares of Intuit common stock on the open market at roughly $309 per share, investing about $540,000 (around KRW 700 million). Between June 9 and 11, Chief Accounting Officer Richard L. Dalzell, following a pre-established trading plan, sold small portions of his holdings over several days for approximately $280,000 (around KRW 400 million), slightly reducing his stake.

Since releasing its May earnings, Intuit’s share price has fallen by about 20%, trading near its 52-week low. Firms such as Goldman Sachs and Stifel have downgraded the stock, pointing to intensified competition and shifting pricing strategies. At the same time, Intuit announced a 17% reduction in its global workforce and is under investigation for potential securities litigation. Major institutional investors have both trimmed and increased their positions, illustrating a parallel focus on restructuring and shareholder relations.

Intuit is a leading U.S. financial software company operating tax and accounting platforms TurboTax and QuickBooks, personal finance service Credit Karma, and marketing automation platform Mailchimp. The company is driving growth by integrating proprietary data with artificial intelligence, expanding its mid-market solutions, rebuilding its AI infrastructure, and forming strategic partnerships.