Borders Ben 4

What Happened
Ben Borders, Apple’s Principal Accounting Officer, had 240 restricted stock units (RSUs) settle on June 15, 2026. Of those, 124 shares were withheld to cover taxes at $296.42 per share (value $36,756) and 116 shares were sold in an open-market transaction on June 16, 2026 at $295.14 per share for proceeds of $34,236. The transactions reflect RSU vesting and routine tax withholding and sale, not a cash purchase.

Key Details

• Transaction dates and prices:
  • 2026-06-15: RSU settlement/exercise (240 shares) — conversion of RSUs into shares.
  • 2026-06-15: 124 shares withheld for tax withholding at $296.42 each (value $36,756).
  • 2026-06-16: 116 shares sold in open market at $295.14 each (proceeds $34,236).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • RSUs convert to one share per unit on settlement (footnote: RSU settlement).
  • Withholding of 124 shares satisfied tax withholding obligations.
  • The June 16 sale was executed under a pre-established Rule 10b5-1 trading plan adopted Feb 6, 2026.
  • The RSU award was granted Dec 15, 2025 and vests semi‑annually through Dec 15, 2029.
• Filing timeliness: Report filed June 17, 2026 — appears timely (within the Form 4 reporting window).

Context
RSU settlements convert deferred equity into actual shares; companies commonly withhold a portion of vested shares to cover taxes and either deliver the net shares or allow the insider to sell a portion to cover taxes. The open-market sale here was carried out under a 10b5-1 plan (pre-arranged), which means the sale was preplanned and not necessarily a new signal of insider sentiment. This was a disposition of vested awards rather than a purchase, so it does not by itself indicate a bullish insider bet.