Timothy Cooks Trust Sells Apple Shares and Gifts Stock

Apple Inc. Executive Chair Timothy D. Cook recently settled 374,541 performance-based restricted stock units (RSUs) into common shares on October 1, 2026. Following this settlement, Cook’s trust sold 191,753 shares in four transactions under a Rule 10b5-1 plan adopted on May 28, 2026, and gifted 26,325 shares. The sales were executed at weighted average prices ranging from $331.44 to $333.94, totaling approximately $63.85 million in gross proceeds.

Apple withheld 199,038 shares for tax purposes related to the vesting of the RSUs. Cook’s trust held these shares, and the transactions were part of a prearranged trading plan. The performance of the RSUs was evaluated based on Apple’s total shareholder return (TSR), which stood at 90.67%, placing the company at the 76.20th percentile for the performance period.

After these transactions, Cook’s holdings were reduced to 3,237,843 shares of common stock directly. The RSUs were settled into common stock, and no RSU contracts remained after the transaction. The TSR was calculated based on the change in Apple’s stock price during the performance period, including dividends reinvested in the stock.