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Apple Inc.·4

Apr 3, 6:30 PM ET

COOK TIMOTHY D 4

Research Summary

AI-generated summary

Updated

Apple CEO Tim Cook Exercises/Settles RSUs and Sells Shares

What Happened
Tim Cook, Apple Inc. (AAPL) CEO, had restricted stock units (RSUs) settle and then sold a portion of the resulting shares. On April 1, 2026, 131,576 RSUs vested/settled into common shares. Apple withheld 66,627 shares to satisfy tax withholding obligations (value reported at $255.63 per share, ~$17,031,860). On April 2, 2026, Cook sold 64,949 shares in several open‑market trades (total proceeds ~$16,512,198; weighted average price ≈ $254.26 per share). The sales were executed under a prearranged Rule 10b5‑1 trading plan.

Key Details

  • Transaction dates: RSU settlement on 2026-04-01; open‑market sales on 2026-04-02. Tax withholding reported 2026-04-01.
  • Specific sale tranches (Apr 2):
    • 5,087 shares @ $251.25 = $1,278,109
    • 9,147 shares @ $252.11 = $2,306,050
    • 1,878 shares @ $253.13 = $475,378
    • 16,083 shares @ $254.37 = $4,091,033
    • 28,188 shares @ $255.17 = $7,192,732
    • 4,566 shares @ $256.00 = $1,168,896
  • Tax withholding: 66,627 shares withheld @ $255.63 = $17,031,860 to satisfy tax obligations on RSU vesting.
  • Footnotes of note: RSU settlement details (grants dated 2021, 2022, 2023), share‑withholding for taxes, sales executed under a 10b5‑1 plan, and reported price ranges across multiple trades for each tranche.
  • Shares owned after transaction: not specified on this Form 4 (shares are held through Mr. Cook’s trust per footnote).
  • Filing timeliness: Form filed 2026-04-03 for transactions on 2026-04-01/02 — appears timely (no late filing flag).

Context
These transactions are primarily RSU settlements (not cash option exercises) followed by routine sales to monetize vested shares. The withholding of shares to cover taxes is common on RSU vesting. The open‑market sales were executed under a pre‑existing 10b5‑1 trading plan, which typically means they were prearranged and not ad hoc decisions based on inside information. This filing is factual disclosure of vesting, tax withholding, and sales — it does not by itself indicate management’s view of Apple’s outlook.