Deirdre O'brien - Aug 5, 2023 Form 4 Insider Report for Apple Inc. (AAPL)

Role
Senior Vice President
Signature
/s/ Sam Whittington, Attorney-in-Fact for Deirdre O'Brien
Stock symbol
AAPL
Transactions as of
Aug 5, 2023
Transactions value $
-$5,751,866
Form type
4
Date filed
8/8/2023, 06:30 PM
Previous filing
Apr 4, 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 Options Exercise +31.9K +23.38% 168K Aug 5, 2023 Direct F1, F2
transaction AAPL Common Stock Tax liability -$3M -16.5K -9.79% $181.99 152K Aug 5, 2023 Direct F3
transaction AAPL Common Stock Sale -$2.75M -15.4K -10.15% $178.56 136K Aug 7, 2023 Direct F4, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AAPL Restricted Stock Unit Options Exercise -31.9K -100% 0 Aug 5, 2023 Common Stock 31.9K Direct F1, F6
* 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 Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of RSUs in shares of common stock on their scheduled vesting date.
F2 The number of securities reported reflects the acquisition on July 31, 2023 of 1 share of Apple Inc.'s common stock pursuant to the Apple Inc. Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of February 1, 2023 through July 31, 2023.
F3 Shares withheld by Apple to satisfy tax withholding requirements on vesting of restricted stock units.
F4 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 29, 2021.
F5 This transaction was executed in multiple trades at prices ranging from $178.08 to $179.005; 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.
F6 This award was granted on February 5, 2019. 31,896 restricted stock units subject to the award vested on August 5, 2021, August 5, 2022 and August 5, 2023.