Apple executive chair Tim Cook sold 191,753 Apple shares for approximately $63.8 million after a restricted-stock award vested. The transactions took place on October 2 at weighted average prices ranging from $331.44 to $333.94.
The sales appear in an SEC Form 4 filing submitted on October 5. The filing says the shares were sold under a Rule 10b5-1 trading plan adopted in February, meaning the arrangement was established before the transactions occurred.
The sale followed the settlement of 374,541 restricted stock units on October 1. Apple withheld 199,038 shares, valued at $330.32 each, to cover taxes connected with the vesting. Cook also transferred 26,325 shares as a gift.
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The filing separates sales from tax withholding
The roughly $63.8 million figure covers the open-market sale of 191,753 shares. It should not be combined with the value of shares withheld for taxes, because those transactions use different SEC codes and serve different purposes.
After the reported transactions, the filing lists more than 3.2 million shares held through Cook’s trust. A Form 4 records the transaction but does not explain how Cook plans to use the proceeds or provide a judgment about Apple’s future share price.
Cook moved from chief executive to executive chair when John Ternus succeeded him as CEO in September. The sale therefore appears under Cook’s current executive-chair title.
Insider sales can attract attention because of their size, but a prearranged plan and a scheduled stock award provide important context. The filing supports the number of shares, price ranges and ownership totals, not speculation about Cook’s view of Apple.
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