Fred Anderson, CFO, has filed to sell 133,000 shares valued at nearly $5 million. Meanwhile, Jonathan Rubinstein, head of hardware engineering, plans to sell 66,667 shares with a value of nearly $2.5 million.
Apple, which closed at 34.6875 on Friday, has trended down slightly from its high of 38.1250 reached on July 16, a day after the company reported stronger-than-expected third-quarter results.
According to the company's proxy filed last March, Anderson held 1,336 shares and 750,000 unexercised options. Rubinstein held 2,368 shares and 500,000 unexercised options.