Form 4: Apple Director Arthur D. Levinson Sells 75,000 Shares

Apple director Arthur D. Levinson sold 75,000 shares of common stock at an average price of $191.58 on May 30, 2024.

Summary

• Arthur D. Levinson, a director at Apple Inc., sold 75,000 shares of Apple common stock on May 30, 2024.
• The sale was executed at a weighted average price of $191.58 per share.
• The transactions occurred in multiple trades with prices ranging from $191.55 to $191.665.
• Following the transaction, Levinson directly owns 4,359,576 shares of Apple stock.
• Levinson also indirectly owns 56,000 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine Form 4 filing, which is common when company insiders trade shares. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, such as Apple, and are required by the SEC to ensure transparency of insider trading.
• Similar filings are made by directors and officers of other large tech companies like Microsoft (MSFT), Amazon (AMZN), and Google (GOOGL) when they trade their company's stock.
• The volume of shares sold by Levinson is not unusual for a director of a large company, and the price is consistent with the market price of Apple stock at the time of the transaction.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the stock price.

Key Dates

Keywords

Apple, AAPL, Arthur D. Levinson, stock sale, insider trading, Form 4, director