Parekh Kevan 4

What Happened
Kevan Parekh, Apple’s Senior Vice President and Chief Financial Officer, had restricted stock units (RSUs) settle on April 15, 2026. A total of 21,856 shares were converted into common stock across vested awards; 4,793 of those shares were withheld to satisfy tax withholding at $266.43 per share (withholding value $1,276,999). The remaining ~17,063 shares were delivered to Parekh. This was a vesting/settlement event, not an open‑market sale or purchase.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 17, 2026 (appears timely).
• Vested/converted (derivative code M): 10,928 shares (acquired) and additional conversions of 5,817 and 5,111 shares (total 21,856).
• Tax withholding (code F): 4,793 shares withheld at $266.43/share = $1,276,999; no shares were sold on the open market to cover taxes.
• Net shares delivered to insider: ~17,063.
• Footnotes: RSUs represent the right to one share on settlement; the awards originated from grants on Sept 25, 2022 and Oct 1, 2023 with staggered semi‑annual vesting schedules (see F3/F4).
• Filing timeliness: Reported two days after vesting date (standard Form 4 window).

Context
The transactions reflect routine equity compensation vesting (conversion of RSUs to shares). Derivative code M here indicates conversion/settlement of RSUs; code F indicates shares withheld to cover tax obligations. These types of filings document compensation events rather than active buying or selling decisions in the market.