Apple board member Al Gore sells $29.5M of company stock
A U.S. Securities and Exchange Commission filing on Friday reveals Apple board member Al Gore this week sold 215,437 shares of AAPL stock worth about $29.5 million.
Gore's stock sale, which was accomplished in multiple trades ranging from $136.4 to $137.12 on Wednesday, nearly matches a $29.6 million purchase of AAPL shares made in 2013.
When Gore bought the stock batch more than four years ago, he exercised Apple's director stock option to acquire 59,000 shares at a price of about $7.48 per share, costing him approximately $441,000. This was pre-split AAPL, so shares were valued at $502.68 each.
Following today's sale, Gore owns 230,137 shares of Apple stock worth $31.5 million at the end of trading on Friday.
The former U.S. vice president turned environmental activist was appointed to Apple's board in 2003.
AppleInsider has affiliate partnerships and may earn commission on products purchased through affiliate links. These partnerships do not influence our editorial content.