Apple Executive Chair Tim Cook Disposes Shares Following Performance RSU Vesting

Overview & Insider Context

On October 5, 2026, a Form 4 was filed for Apple Inc. (AAPL) reporting transactions by Executive Chair and Director Timothy D. Cook executed between October 1, 2026, and October 2, 2026.

Key Transaction Highlights

1. RSU Vesting & Settlement (Code M):

   • On October 1, 2026, 374,541 performance-based restricted stock units (RSUs) vested and settled into common shares. The award, originally granted on October 1, 2023 with a target of 219,030 units, vested at approximately 171% of target based on Apple's 3-year Total Shareholder Return (TSR) ranking in the 76.20th percentile of the S&P 500.

2. Tax Withholding (Code F):

   • 199,038 shares were withheld by Apple to cover associated tax withholding obligations at a price of $330.32 per share (total value: ~$65.75M).

3. Open Market Sales (Code S):

   • On October 2, 2026, Mr. Cook sold a total of 191,753 shares across four tranches pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 28, 2026:
     • 23,143 shares at a weighted average price of $331.44
     • 39,492 shares at a weighted average price of $332.16
     • 88,239 shares at a weighted average price of $333.26
     • 40,879 shares at a weighted average price of $333.94
   • The aggregate gross proceeds from these open market sales totaled approximately $63.85 million, at an overall volume-weighted average price of ~$332.96 per share.

4. Bona Fide Gift (Code G):

   • On October 2, 2026, 26,325 shares were gifted ($0 price).

Post-Transaction Holdings

Following all reported transactions, Mr. Cook beneficially owns 3,237,843 shares of Apple common stock held through his trust.