Apple’s Chairman of the Board Sold More Than $20 Million in Stock

Apple’s chairman of the board, Arthur Levinson, sold 90,000 shares of common stock on Aug. 28. (Angela Weiss / AFP / Getty Images)

The chairman of Apple’s board sold more than $20 million of common stock late last month, filings show.

A Form 4 filed with the U.S. Securities and Exchange Commission on Friday shows Arthur Levinson sold 90,000 Apple shares on Aug. 28 on the open market at prices ranging from $231.815 to $232.36. A separate document shows Levinson purchased the shares on Feb. 27, 2001, when they were worth around 29 cents each.

Following the latest transaction, Levinson owned 4,069,576 shares of Apple’s common stock, currently worth around $976 million. As of the end of August, Levinson indirectly owned an additional 56,000 shares of common stock, worth $13 million, through his spouse.

Levinson has served as chairman since 2011 and has been on the board since 2000. He is the CEO of Calico, an Alphabet-owned biotech focused on the science of aging. Apple and Calico didn’t respond to a request for comment regarding the latest transaction.

While Apple shares have risen 3.1% since Aug. 28, the stock has trailed the benchmark S&P 500 index this year, falling 4.3% against the market’s 11% gain. Uncertainty around tariffs and continuous delays to the rollout of new artificial-intelligence features have weighed on shares.

However, there has been a string of positive developments over the past few months. Earnings and revenue in the third quarter both topped consensus estimates, with iPhone sales—which accounted for nearly half of total net sales—coming in stronger than expected.

Another bright spot was the outcome of the Google antitrust lawsuit. Judge Amit Metha published his ruling on remedies Alphabet must make to mitigate its monopoly on Internet search on Tuesday. The judge didn’t bar Google from making payments to Apple in exchange for making Google the default search provider on its devices.

The next catalyst for Apple will be its product showcase on Sept. 9, when the tech giant is expected to pull back the curtain on its iPhone 17 lineup.

Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com