Apple CEO Tim Cook Sells $41 Million in Stock Amid Share Price Slide

Apple CEO Tim Cook sold about $41 million in stock, his biggest sale since 2021, as Apple shares slide off recent highs.

Cook sold around 241,000 shares and had another 270,000 withheld for taxes. He still owns over 3 million Apple shares.

The sale comes after Cook took a 40% pay cut to $49 million for 2023, with more pay tied to Apple's performance.

Other Apple executives also made stock sales, including Deirdre O'Brien and Katherine Adams selling $11.3 million each.

Apple stock hit a record high in July but has dropped over 12% since amid a broader tech selloff. KeyBanc downgraded the stock this week.