AAPL — filing

The Company's business, reputation, results of operations, financial condition and stock price can be materially and adversely affected by a number of factors, whether currently known or unknown, including those described in Part I, Item 1A of the 2025 Form 10-K under the heading "Risk Factors." There have been no material changes to the Company's risk factors since the 2025 Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Share repurchase activity during the three months ended December 27, 2025, was as follows (in millions, except number of shares, which are reflected in thousands, and per-share amounts):

Periods Total Number

of Shares Purchased Average Price

Paid Per Share Total Number of Shares

Purchased as Part of Publicly

Announced Plans or Programs Approximate Dollar Value of

Shares That May Yet Be Purchased

Under the Plans or Programs (1)

September 28, 2025 to November 1, 2025:

Open market and privately negotiated purchases 28,567 $ 256.69 28,567

November 2, 2025 to November 29, 2025:

Open market and privately negotiated purchases 29,018 $ 272.25 29,018

November 30, 2025 to December 27, 2025:

Open market and privately negotiated purchases 35,309 $ 276.61 35,309

Total 92,894 $ 74,779

(1) On May 1, 2025, the Company announced a program to repurchase up to $100 billion of the Company's common stock. As of December 27, 2025, $25.2 billion of the May 2025 program had been utilized. The program does not obligate the Company to acquire a minimum amount of shares. Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Apple Inc. | Q1 2026 Form 10-Q | 20

Item 5. Other Information

Insider Trading Arrangements

On November 21, 2025 , Kevan Parekh , the Company's Senior Vice President and Chief Financial Officer , entered into a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The plan provides for the sale, subject to certain price limits, of shares vesting between April 15, 2026 and October 15, 2026, pursuant to certain equity awards granted to Mr. Parekh, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations. Mr. Parekh's plan will expire on December 31, 2026 , subject to early termination in accordance with the terms of the plan.

On November 24, 2025 , Deirdre O'Brien , the Company's Senior Vice President, Retail + People , terminated a trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, which was previously adopted on August 27, 2024 (the "Prior Plan"). The Prior Plan provided for the sale, subject to certain price limits, of shares vesting between April 1, 2025 and October 1, 2026, pursuant to certain equity awards granted to Ms. O'Brien, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations. The Prior Plan would have expired on December 31, 2026, subject to early termination in accordance with the terms of the plan. Following termination of the Prior Plan, on November 24, 2025 , Ms. O'Brien entered into a new trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. The new plan provides for the sale of shares vesting between April 1, 2026 and October 1, 2026, pursuant to certain equity awards granted to Ms. O'Brien, excluding any shares withheld by the Company to satisfy income tax withholding and remittance obligations. Ms. O'Brien's new plan will expire on December 31, 2026 , subject to early termination in accordance with the terms of the plan.