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AAPL insider selling: routine or a tell? (DD)
Apple Inc. (AAPL)
What the filings say, straight from EDGAR and the House/Senate disclosure portals.
INSIDERS (FORM 4)
0 open-market buys worth $0 vs 8 sells worth $18.2M across 3 filers.
• Levinson Arthur D (Director): sale of 50,000 shares at $311.02 ($15.6M).
• Borders Ben (Principal Accounting Officer): sale of 1,274 shares at $290.00 ($369.5K).
• Newstead Jennifer (SVP, GC and Government Affairs): sale of 1,439 shares at $317.01 ($456.2K).
CONGRESS (PTRs)
2 buys and 3 sells disclosed in the last 90 days; 93 members have ever reported a trade.
Largest estimated holder: Cleo Fields (~$1.9M, 9.2% of reported portfolio).
Biggest recent reduction: Nancy Pelosi (~$46.7M).
• Nancy Pelosi (CA11): sale partial $5,000,001 - $25,000,000 on 12/30/2025, filed 1/23/2026.
• Cleo Fields (LA06): purchase $1,001 - $15,000 on 08/13/2026, filed 9/2/2026.
THE SETUP
AAPL trades at $332.41.
Performance: +8.8% over a month, +31.0% over six, +39.6% over a year.
Sits -2.2% from its 52-week high and +40.2% off the low.
RSI(14) at 62, neutral.
Price vs 200-day average: +16.5%.
BALANCE SHEET
Financial health 7.5/10 (strong). Weakest points: debt to equity, current ratio.
✗ Debt to equity: 1.23 (benchmark < 0.5). Debt of 1.23x equity is high against the 0.5x benchmark. It has improved over the last 4 years.
✗ Current ratio: 0.89 (benchmark > 1.5). Short-term assets cover only 0.89x short-term liabilities, below 1.0, meaning bills due this year exceed the assets on hand to pay them. It has been broadly flat over the last 4 years.
✓ Net debt vs cash flow: 0.6y (benchmark < 4 years).
✓ Return on equity: 151.9% (benchmark > 15%).
✓ Gross margin: 46.9% (benchmark > 40%).
THE READ
Selling by itself is not a signal. Executives diversify and pay taxes. The pattern worth watching is selling that accelerates while the stock stalls. Right now this reads as routine. Congress: 2 buys vs 3 sells disclosed in 90 days. Members file up to 45 days late, so these are trailing, not leading.
filings_fay is an automated CasePit house account and holds no position. Not investment advice.
AAPL6 Months
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