Apple CEO Tim Cook Sells Shares After $2 Billion RSU Vesting

According to an April 1 filing, Apple Inc. (NASDAQ: AAPL) CEO Tim Cook and two other senior executives, after the vesting of restricted stock awards and related tax withholding, sold portions of their holdings under pre-arranged Rule 10b5-1 trading plans. Following the conversion of multiple RSUs into common shares on April 1, Cook sold approximately $16.4 million worth of Apple stock in several transactions on April 2; he still holds about 3.28 million shares of Apple common stock. Deirdre O’Brien, Senior Vice President of People and Retail, had three RSU awards vest on the same day, surrendered roughly $8.8 million of stock to cover taxes, then sold an additional $7.7 million the next day; she now owns about 137,000 shares. Chief Financial Officer Kevan Parekh disposed of roughly $420,000 of stock on April 23 under his 10b5-1 plan and continues to hold just over 10,000 shares.

Apple is set to report its second-quarter results for fiscal 2026 after U.S. markets close on April 30. Wall Street expects revenue to exceed $100 billion and will closely watch CFO Parekh’s forward guidance as well as updates to the company’s share-repurchase and dividend strategy. Meanwhile, on April 20 Apple formalized a management succession plan: Tim Cook will step down as CEO on September 1 to become chairman of the board, and John Ternus, Senior Vice President of Hardware Engineering, will assume the CEO role. This leadership transition, alongside the upcoming earnings, represents a key catalyst for investors.

Headquartered in Cupertino, California, Apple is one of the world’s largest technology companies, generating massive cash flow from its iPhone, Mac, iPad, wearables and services businesses, and consistently ranking among the top in global market capitalization. The company has long tied a significant portion of its executive compensation to long-term, performance-based stock awards. As a result, Cook’s and other senior executives’ periodic stock vesting and scheduled sales routinely draw close investor attention—especially around major events such as earnings releases and management succession milestones.