Newstead Sells $456K Worth of Apple Stock

Jennifer Newstead, Apple's Senior Vice President of General Counsel and Government Affairs, has sold 1,438 shares of Apple common stock for a total of $456,176. The sale occurred on September 8, 2026, at a price of $317.23 per share. This transaction brings Newstead's direct ownership of Apple common stock to 34,352 shares.

The sale was made in accordance with a Rule 10b5-1 trading plan that Newstead adopted on May 5, 2026. The plan allows for the automatic execution of pre-set trades to avoid insider trading concerns. The price per share at the time of the sale is near Apple's 52-week high, which has contributed to the company's strong performance in recent months.

Apple shares have delivered a 42% return over the past year, and recent analyst predictions indicate continued growth. BofA Securities has adjusted its price target for Apple to $370, citing potential margin pressure from the new iPhone pricing. Despite this, several analysts maintain a positive outlook on Apple's financial prospects.