Apple Executive Chair Timothy Cook Sells $63.8 Million in Stock
Timothy D. Cook, Executive Chair of Apple Inc., sold approximately $63.8 million worth of Apple stock on October 2, 2026. The shares were sold at prices between $331.44 and $333.94, near the stock’s current price of $332.89 and close to its 52-week high of $345.34.
The sales followed the settlement of 374,541 restricted stock units (RSUs) on October 1, 2026, which converted into an equal number of common stock shares. Apple withheld 199,038 shares, valued at $65,746,232, to cover tax withholding requirements. The RSU vesting was based on Apple’s total shareholder return performance over a three-year period, with Apple ranking in the 76.20th percentile.
The October 2 sales were executed under a Rule 10b5-1 trading plan adopted by Mr. Cook on May 28, 2026. Additionally, he gifted 26,325 shares on the same day. Following these transactions, Mr. Cook holds 3,237,843 shares of Apple common stock through his trust.
In other news, Apple Inc. has seen mixed developments impacting its stock and business operations. Morgan Stanley adjusted its price target for Apple to $355 from $360 but maintained an Overweight rating, noting steady demand for the iPhone 18. Meanwhile, Needham reiterated a Hold rating, citing potential competitive risks from Meta Platforms and other AI-focused companies. Apple is also facing a consumer class action in the UK over its 2018 sales agreement with Amazon.