Katherine L. Adams - Apr 1, 2024 Form 4 Insider Report for Apple Inc. (AAPL)

Role
SVP, GC and Secretary
Signature
/s/ Sam Whittington, Attorney-in-Fact for Katherine L. Adams
Stock symbol
AAPL
Transactions as of
Apr 1, 2024
Transactions value $
-$19,204,082
Form type
4
Date filed
4/3/2024, 06:30 PM
Previous filing
Nov 20, 2023
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAPL Common Stock Options Exercise +113K +38.62% 407K Apr 1, 2024 Direct F1, F2
transaction AAPL Common Stock Tax liability -$9.96M -58.6K -14.4% $170.03 348K Apr 1, 2024 Direct F3
transaction AAPL Common Stock Sale -$9.24M -54.7K -15.72% $168.90 293K Apr 2, 2024 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 -60.9K -100% 0 Apr 1, 2024 Common Stock 60.9K Direct F1, F6
transaction AAPL Restricted Stock Unit Options Exercise -29.7K -50% 29.7K Apr 1, 2024 Common Stock 29.7K Direct F1, F7
transaction AAPL Restricted Stock Unit Options Exercise -22.7K -33.33% 45.4K Apr 1, 2024 Common Stock 22.7K Direct F1, F8
* 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 January 31, 2024 of 127 shares of Apple Inc.'s common stock pursuant to the Apple Inc. Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of August 1, 2023 through January 31, 2024.
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 27, 2023.
F5 This transaction was executed in multiple trades at prices ranging from $168.33 to $169.31; 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 September 29, 2019. 60,936 restricted stock units subject to the award vested on April 1, 2022 and 60,932 restricted stock units vested on each of April 1, 2023 and April 1, 2024.
F7 This award was granted on September 27, 2020. 29,688 restricted stock units subject to the award vested on each of April 1, 2023 and April 1, 2024 and 29,688 restricted stock units are scheduled to vest on April 1, 2025, assuming continued employment through the applicable vesting date.
F8 This award was granted on September 26, 2021. 22,689 restricted stock units subject to the award vested on April 1, 2024 and 22,688 restricted stock units are scheduled to vest on each of April 1, 2025 and April 1, 2026, assuming continued employment through the applicable vesting date.