Here’s how much Tim Cook earned by selling his Apple shares

Apple CEO Tim Cook sold a huge chunk of his Apple shares, marking his largest sale in the last two years. According to regulatory filings, Cook sold 511,000 shares and profited $41.5 million after paying taxes. This move comes as Cook capitalises on Apple’s declining valuation, which has dropped by $628 billion this year.

Cook sold 270,000 shares on Friday and an additional 241,000 shares on Monday. According to the Securities and Exchange Commission’s filing, the gross proceeds from the sale amounted to $88 million. After taxes, Cook received approximately $41.5 million. This is the largest number of Apple shares that Cook has sold since August 2021, when he sold $750 million worth of Apple shares before taxes.