Apple CEO Tim Cook sold a huge chunk of his Apple shares, marking his largest sale in the last two years. According to regulatory filings, Cook sold 511,000 shares and profited $41.5 million after paying taxes. This move comes as Cook capitalises on Apple’s declining valuation, which has dropped by $628 billion this year.
Cook sold 270,000 shares on Friday and an additional 241,000 shares on Monday. According to the Securities and Exchange Commission’s filing, the gross proceeds from the sale amounted to $88 million. After taxes, Cook received approximately $41.5 million. This is the largest number of Apple shares that Cook has sold since August 2021, when he sold $750 million worth of Apple shares before taxes.
Although Cook sold some of his Apple shares, his overall stake in the company remained unchanged as he received the same number of shares as part of his annual compensation plan. Cook still owns 3.3 million Apple shares, which are currently valued at approximately $565 million.
Cook has received 73,010 additional restricted stock units, which will vest in three parts on April 1 2026, 2027, and 2028. Additionally, he was granted 219,030 performance-based restricted stock units that are expected to vest on October 1, 2026.
According to separate regulatory filings, other Apple executives, Deirdre O’Brien and Katherine Adams, sold $11 million worth of Apple shares each before taxes.
Cook and other executives are said to have recently sold shares in response to a rare slide in Apple’s stock market performance. The company experienced a significant downturn in September, losing 9 per cent of value.
Apple still remains the world’s most valuable tech company, with a market capitalisation of $2.7 trillion. While this marks a year-to-date increase of $628 billion, it is a $376 billion decrease from the company’s peak valuation of $3.1 trillion in July.
Cook sold 270,000 shares on Friday and an additional 241,000 shares on Monday. According to the Securities and Exchange Commission’s filing, the gross proceeds from the sale amounted to $88 million. After taxes, Cook received approximately $41.5 million. This is the largest number of Apple shares that Cook has sold since August 2021, when he sold $750 million worth of Apple shares before taxes.
Although Cook sold some of his Apple shares, his overall stake in the company remained unchanged as he received the same number of shares as part of his annual compensation plan. Cook still owns 3.3 million Apple shares, which are currently valued at approximately $565 million.
Cook has received 73,010 additional restricted stock units, which will vest in three parts on April 1 2026, 2027, and 2028. Additionally, he was granted 219,030 performance-based restricted stock units that are expected to vest on October 1, 2026.
According to separate regulatory filings, other Apple executives, Deirdre O’Brien and Katherine Adams, sold $11 million worth of Apple shares each before taxes.
Cook and other executives are said to have recently sold shares in response to a rare slide in Apple’s stock market performance. The company experienced a significant downturn in September, losing 9 per cent of value.
Apple still remains the world’s most valuable tech company, with a market capitalisation of $2.7 trillion. While this marks a year-to-date increase of $628 billion, it is a $376 billion decrease from the company’s peak valuation of $3.1 trillion in July.
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