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Apple SVP Jennifer Newstead Unloads $442,852 in Company Stock Amid Content Licensing Talks

Guavy AI Editorial Team
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Jennifer Newstead, Apple's Senior Vice President and General Counsel, sold $442,852 worth of Apple common stock on August 11. The sale involved 1,439 shares at a price of $307.75 per share. This transaction was made under a Rule 10b5-1 trading plan adopted by Newstead in May.

After this sale, Newstead's direct beneficial ownership in Apple common stock stands at 40,107 shares. The sale comes as Apple shares trade at $305.26. Apple is currently exploring content licensing deals with publishers to enhance its AI-powered Siri voice assistant.

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