Luca Maestri - Apr 13, 2023 Form 4 Insider Report for Apple Inc. (AAPL)

Signature
/s/ Sam Whittington, Attorney-in-Fact for Luca Maestri
Stock symbol
AAPL
Transactions as of
Apr 13, 2023
Transactions value $
-$11,566,839
Form type
4
Date filed
4/17/2023, 06:31 PM
Previous filing
Apr 10, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAPL Common Stock Sale -$11.6M -70K -39.4% $165.25 108K Apr 13, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 15, 2022.
F2 This transaction was executed in multiple trades at prices ranging from $164.92 to $165.78; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, Apple, or a security holder of Apple.