Tim Cook Sells $63.8 Million in Apple Shares
On October 2, 2026, Apple's executive chair Tim Cook sold around $63.8 million in Apple stock, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The sale included 191,753 shares traded at prices between $330.66 and $334.50. These transactions were part of a Rule 10b5-1 trading plan Cook had set up on May 28, 2026, meaning the sale was prearranged months in advance.
The sale occurred just one day after 374,541 restricted stock units vested as part of Cook's compensation. These units were granted on October 1, 2023, and their payout was based on Apple's total shareholder return relative to other S&P 500 companies over fiscal 2024 through fiscal 2026. Apple's return over this three-year period was 90.67%. As part of the vesting, Apple withheld 199,038 shares, valued at approximately $65.7 million, to cover tax withholding requirements, separate from the shares Cook sold the following day.
Cook also gifted 26,325 shares on October 2, though the recipient was not identified in the filing. After these transactions, his trust held 3,237,843 Apple shares. Cook became Apple's executive chair on September 1, when John Ternus took over as chief executive. For fiscal 2027, Apple has set Cook's compensation target at approximately $47 million, including a $2 million salary and stock awards with a target value of $45 million.