Khan Sabih 4

What Happened

• Sabih Khan, Apple Inc. (AAPL) Chief Operating Officer, had 64,317 restricted stock units (RSUs vest) on April 1, 2026. Of those, 33,317 shares were withheld to satisfy tax withholding at $255.63 per share (withheld value $8,516,825), resulting in 31,000 net shares issued to him (net value ≈ $7,924,530).
• These were not open-market sales or purchases by Khan — they were scheduled RSU settlements as part of executive compensation.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (timely within required filing window).
• Transactions reported:
  • 64,317 shares acquired on settlement of RSUs (derivative exercise/conversion).
  • 33,317 shares withheld to satisfy tax liability at $255.63 per share (disposition value $8,516,825).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Relevant footnotes:
  • F1/F4/F5/F6 — These shares reflect scheduled vesting of multiple RSU awards granted in 2021, 2022 and 2023 (22,688; 22,159; 19,470 vested on Apr 1, 2026).
  • F3 — Shares were withheld by Apple solely to satisfy tax withholding; no shares were sold on the open market.
  • F2 — Separately, 123 shares were acquired via the ESPP on Jan 30, 2026 (not part of the Apr 1 vesting).

Context

• This is a routine compensation event (RSU vesting). The derivative code (M) reflects conversion/settlement of RSUs into common stock; the F code reflects shares withheld for taxes (a non-sales disposition).
• Such vesting/withholding transactions generally reflect payroll/tax mechanics rather than a trading signal; they increase beneficial ownership for the insider by the net shares issued.