Apple Board Chair Sells Over $100 Billion in Shares

Between early and late May, Apple Inc. board member Arthur D. Levinson sold several hundred thousand shares of Apple common stock in open-market transactions and gifted part of his holdings, with total proceeds of approximately $87 million (roughly KRW 120 billion).

During the same period, Apple’s Chief Accounting Officer, Ben Borders, also liquidated a small number of common shares under a 10b5-1 trading plan, converting them into cash. Both Levinson and Borders still retain substantial equity positions, each amounting to millions of shares.

On April 30, Apple reported fiscal 2026 second-quarter results, posting revenue of $111.2 billion (around KRW 150 trillion)—its strongest March quarter ever—driven by record performance in the iPhone and Services segments. Recent anticipation around the next-generation iPhone, enhanced AI features and Siri improvements powered by Google’s “Gemini” has pushed Apple’s share price above $300, testing all-time highs.

Arthur D. Levinson, who chairs Apple’s board and formerly led biotech firm Genentech, is slated to become the company’s lead independent director in September 2026. A long-time key figure, he continues to hold a significant stake. Apple Inc. (AAPL) is the U.S. big-tech leader competing for the world’s highest market capitalization with its iPhone, Mac and Services businesses, and it regularly draws global investor attention through AI and operating-system roadmaps unveiled at WWDC.