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Cook reduces his Apple stock holdings significantly, cashing in over $60 million
The Block
1h ago
Ai Focus
According to a report by Yinguicaiqing on October 6, Tim Cook, the Executive Chairman of Apple's Board of Directors, sold Apple common stock worth approximately $63.8 million on October 2, with the sale price ranging from $331.44 to $333.94 per share. This sale was related to the conversion of 374,541 restricted stock units that were due to be delivered on October 1, and Apple subsequently withheld 199,038 shares for tax purposes. Cook also disposed of 26,325 shares on October 2 by way of gift.
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IT News on October 7th: According to a report by Yingwei Financial News on October 6th, Tim Cook, the Executive Chairman of Apple's Board of Directors, sold company common stocks on October 2nd for a total value of approximately $63.8 million (Note from IT: The current exchange rate is about 428 million RMB).

The selling price range this time is from $331.44 to $333.94 per share (which is approximately 2,225 to 2,241 yuan at the current exchange rate), close to its 52-week high of $345.34 (which is approximately 2,318 yuan at the current exchange rate).

This sale of shares originates from 374,541 restricted stock units (RSU) that were due for delivery on October 1st. These RSU units were converted into an equivalent amount of common stock. Subsequently, Apple retained 199,038 shares, valued at approximately $65,746,232 at a price of $330.32 per share, to cover the tax withholding requirements arising from the attribution of RSU.

The stock sale on October 2 was carried out in accordance with the 10b5-1 plan established by Cook on May 28. In addition, Cook disposed of 26,325 shares on October 2 through a gift. After completing the aforementioned transactions, the number of Apple common shares held by Cook through his trust is 3,237,843 shares.

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