Apple Inc: Principal accounting officer Ben Borders sold 2,163 shares

What happened

• Ben Borders, principal accounting officer, had 1,714 restricted stock units settle on Oct 15, 2026 (exercise/conversion of derivatives). The filing shows 883 shares were withheld to satisfy tax withholding at $342.00 for $301,986, and 1,280 shares were sold in open-market transactions on Oct 16, 2026 for a total of $442,107. Several derivative conversion entries totaling 1,714 shares are listed with no per-share price reported.

Key details

• Transaction dates and prices:
  • Oct 15, 2026: settlement/exercise/conversion of RSUs totaling 1,714 shares (derivative entries reported with N/A price).
  • Oct 15, 2026: 883 shares withheld for tax at $342.00, proceeds $301,986 (tax withholding).
  • Oct 16, 2026: open-market sales of 151 shares at $343.08 ($51,805); 80 shares at $344.18 ($27,534); 969 shares at $345.74 ($335,022); 40 shares at $346.22 ($13,849); 40 shares at $347.43 ($13,897). Open-market sales total $442,107. Aggregate proceeds from withheld shares and open-market sales $744,093.
• Shares owned after the transactions: not stated in the filing provided here.
• Relevant footnotes from the filing:
  • F1/F3: RSU settlement and shares withheld by Apple to satisfy tax withholding.
  • F8–F11: grant and vesting schedules for the awards involved.
  • F4: at least some sales were made pursuant to a Rule 10b5-1 trading plan adopted Feb 6, 2026.
  • F5–F7: three of the open-market sales were executed in multiple trades; reported prices are weighted averages and full execution details are available on request.
• Filing date: Oct 19, 2026 (transactions dated Oct 15 and Oct 16, 2026).

Why it may matter

• The filing shows RSUs vested and shares were settled; the filing also shows shares were withheld for taxes and other shares sold in open-market transactions (sell-to-cover and market sales).
• Several sales were executed under a Rule 10b5-1 plan and some sales were executed in multiple trades at weighted-average prices.
• A filing does not show why the insider traded or why the company acted.