Apple Board Chair Sells Shares Worth 1 Trillion Won… CFO and Executives Also Make Small Disposals

(Apple Inc.: AAPL) Board Director Arthur D. Levinson sold 250,000 shares of common stock on May 6 in the open market, generating approximately $71.2 million (about 1 trillion KRW) in cash, and separately gifted 5,000 shares. During the same period, CFO Kevan Parekh and Chief Accounting Officer Ben Borders also sold small amounts of common stock under prearranged 10b5-1 plans, securing liquidity in the tens of thousands of dollars. Even after these transactions, Levinson was reported to still hold a significant Apple stake, with more than 3.81 million shares directly owned and 56,000 shares held in his spouse’s name.

Apple recently settled a class-action lawsuit alleging false and misleading advertising related to delayed Siri AI features for around $250 million (about 300 billion KRW) and is preparing compensation procedures for U.S. iPhone users. In its Q2 FY2026 results announced in early May, the company posted revenue of $111.2 billion and net income of $29.5 billion, reaffirming robust profitability driven by the iPhone and Services segments.

Headquartered in Cupertino, California, Apple is a global big-tech company and one of the world’s largest publicly traded firms by market capitalization. Its business spans iPhone, Mac, iPad, wearables, and services such as the App Store and iCloud. The company has recently focused on strengthening its position in next-generation device and service competition by expanding generative AI capabilities in key products like Siri through its in-house Apple Intelligence platform and integration with Google’s Gemini language models.