Apple (NASDAQ: AAPL) accounting officer sells shares after RSU vesting
Rhea-AI Filing Summary
Apple Inc. Principal Accounting Officer Ben Borders reported an exercise-and-sell transaction involving Apple common stock and RSUs. On June 15, 2026, 240 restricted stock units converted into 240 shares of common stock on their scheduled vesting date. Apple withheld 124 of these shares to satisfy tax withholding requirements, leaving 116 net shares from the vesting event.
On June 16, 2026, Borders executed an open-market sale of 116 shares of common stock at $295.14 per share pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on February 6, 2026. Following these transactions, he directly holds 38,713 shares of Apple common stock and 1,676 RSUs that continue to vest under the original award schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Borders Ben
Role
Principal Accounting Officer
Sold
116 shs ($34K)
Approx. gross sale proceeds
$34K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 116 | $295.14 | $34K |
| Exercise | Restricted Stock Unit | 240 | $0.00 | $0.00 |
| Exercise | Common Stock | 240 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 124 | $296.42 | $37K |
Holdings After Transaction:
Restricted Stock Unit — 1,676 shares (Direct);
Common Stock — 38,713 shares (Direct)
Footnotes (4)
- 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. Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs.
- F3. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 6, 2026.
- F4. This restricted stock unit award was granted December 15, 2025, and vests in equal installments on a semi-annual basis over a four year period ending December 15, 2029, subject to the terms and conditions of the underlying award agreement.
Key Figures
Open-market sale: 116 shares at $295.14
RSUs vested: 240 RSUs
Shares withheld for taxes: 124 shares
+2 more
5 metrics
Open-market sale
116 shares at $295.14
Common stock sale on June 16, 2026
RSUs vested
240 RSUs
Converted to common stock on June 15, 2026
Shares withheld for taxes
124 shares
Tax withholding on RSU vesting
Shares held after transactions
38,713 shares
Direct common stock holdings post-transaction
RSUs remaining
1,676 RSUs
Restricted stock units outstanding after vesting event
Key Terms
Restricted Stock Unit, Rule 10b5-1 trading plan, tax withholding requirements, derivative security
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents the right to receive, at settlement, one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 trading plan regulatory
"This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 6, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
tax withholding requirements financial
"Shares withheld by Apple to satisfy tax withholding requirements on vesting of RSUs."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Apple (AAPL) officer Ben Borders report?
Ben Borders reported RSU vesting and an associated stock sale. 240 RSUs vested into 240 Apple common shares, 124 shares were withheld for taxes, and 116 shares were sold in the open market, while substantial holdings in stock and RSUs remain.
Were Ben Borders’ Apple (AAPL) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the stock sale was made pursuant to a Rule 10b5-1 trading plan adopted by Ben Borders on February 6, 2026. Such pre-arranged plans typically automate trades and can reduce the significance of transaction timing.
What happened to the RSUs in Ben Borders’ Apple (AAPL) Form 4 filing?
The filing shows 240 restricted stock units converted into 240 Apple common shares on their scheduled vesting date. Of these, 124 shares were withheld by Apple to satisfy tax obligations, leaving 116 net vested shares that were later sold.