$442,852 in Apple Stock Sold by Senior VP Amid Insider Trading Activity

Jennifer Newstead, Senior Vice President of Apple (AAPL), recently sold 1,439 shares of the company on August 11th for an estimated $442,852. This sale represents approximately 3.5% of her total holdings in AAPL stock. Following this trade, she now owns 40,107 shares.

According to Quiver Quantitative's insider trading dashboard, Newstead is not the only Apple executive who has made recent sales. Timothy D Cook, Chief Executive Officer, and Kevan Parekh, Senior Vice President and CFO, also sold shares in the past six months. Cook sold 64,949 shares for an estimated $16,512,197, while Parekh sold 1,534 shares for approximately $421,850.

The trend of Apple insiders selling their shares is part of a larger pattern. In the past six months, Apple insiders have made 12 trades on the open market, with all but one being sales. The majority of these sales came from top executives like Cook and Levinson.