Al Gore Just Sold Half His Apple Stock And Made Nearly $40 Million – Forbes
Albert Gore Jr, Former Vice President of The United States, just sold roughly half his stake in Apple and earned nearly $40 million. Al Gore has served on Apple’s board since 2003 and is running for re-election at Tuesday’s shareholder meeting.
SEC Filing Form 4:
According to his latest filing with the SEC, Al Gore sold 215,437 shares on February 22, 2017 at $136.72/share, totaling just under $30 million. Al Gore still owns 230,137 with a current value of just over $31 million, based on Friday’s close. Earlier in the month, Al Gore exercised options which gave him the right to buy 70,000 shares at just over $13/share, giving him a gain of $8 million. In total, he walked out with nearly $40,000,000 in February from the transactions. February 2017 was his largest transaction in the stock since he joined the board in 2003. It’s easy to jump to the conclusion that something is wrong when a director sells half his position in the stock. Remember, that is not always the case. Especially, when the director has held the stock for over a decade and the stock is hitting fresh record highs.
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