1 Top Management and Board of Directors; 2 INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS; 3 Peer Comparison & Ranking of AAPL; 4 Patents Top Management and Board of Directors Top Management http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/AAPL_Board_Of_Directors.html Board Of Directors http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/AAPL_Board_Of_Directors.html Independent Ratings of Directors http://www.buysellsignals.net/BuySellSignals/report/Usnyse/Stock/Daily/Html/AAPL_Board_Of_Directors.html INSIDER OWNERSHIP AND SELLING IN THE PAST 12 MONTHS Shares Held by Insiders as on Mar 20, 2026 (Value computed at price $247.84) Name Shares Held Value, $ Arthur D. Levinson 4,126,587 1,022,733,322 Tim Cook 3,280,295 812,988,313 Katherine Adams 175,408 43,473,119 Susan L. Wagner 1,139 282,290 Alex Gorsky 1,139 282,290 Ronald D. Sugar 1,139 282,290 Monica Lozano 1,139 282,290 Andrea Jung 1,139 282,290 Total 7,587,985 1,880,606,202 Arthur D. Levinson now has a beneficial interest in 4,126,587 Apple shares worth $1 billion. Tim Cook now has a beneficial interest in 3,280,295 Apple shares worth $813 million. Katherine Adams now has a beneficial interest in 175,408 Apple shares worth $43.5 million. Susan L. Wagner now has a beneficial interest in 1,139 Apple shares worth $282,290. Alex Gorsky now has a beneficial interest in 1,139 Apple shares worth $282,290. Ronald D. Sugar now has a beneficial interest in 1,139 Apple shares worth $282,290. Monica Lozano now has a beneficial interest in 1,139 Apple shares worth $282,290. Andrea Jung now has a beneficial interest in 1,139 Apple shares worth $282,290. Insider selling Summary in the past 12 months Name No. of Shares Price, $ Value, $ Cook Timothy D [CEO] 238,099 241.7 57,560,381 Adams Katherine L. [Senior Vice President] 47,125 256.8 12,101,154 Total 285,224 244.2 69,661,535 Peer Comparison & Ranking of AAPL FAANG PEER COMPARISON: AAPL - SIZE (all figures in $) In its FAANG Peer Group of 5 companies (Facebook, Apple, Amazon, Netflix and Alphabet's Google) AAPL is ranked AAPL is ranked first (1) by MCap, Net Profit, second (2) by PV$1000, Revenue and fourth (4) by Total Assets. Name (Code) MCap PV $1000 (1 yr) Revenue Net Profit Total Assets Rank of AAPL 1 2 2 1 4 Apple (AAPL) 3,638.5B 1,164.1 416.2B 112B 359.2B Amazon (AMZN) 2,194.4B 1,053.0 716.9B 77.7B 818B Alphabet (GOOGL) 1,750.5B 1,854.5 350B 100.1B 450.3B Meta Platforms (META) 1,292.5B 1,015.0 201B 60.5B 366B Netflix (NFLX) 39.3B 965.8 45.2B 11B 55.6B FAANG PEER COMPARISON: AAPL - VALUATION INDICATORS In value terms, comparing relative value of its shares, AAPL is ranked + 4 out of 5 by Price/Earnings per share [31.3] + 5 out of 5 by Price/Sales per share [8.3] + 5 out of 5 by Price/Book value per share [49.4] + 5 out of 5 by Turnover Rate (%) [73.6] Name (Code) Last Price P/E P/S P/Book Turnover Rate (%) Rank of AAPL by value 4 5 5 5 Apple (AAPL) $247.84 31.3 8.3 49.4 73.6 Amazon (AMZN) $205.28 28.5 4.1 5.7 100.6 Alphabet (GOOGL) $300.87 29.2 4.5 5.9 105.4 Meta Platforms (META) $593.42 24.7 6.4 7.5 170.6 Netflix (NFLX) $91.83 35.4 0.9 1.5 2,532.0 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: Apple vs NASDAQ Market Out of 2,789 stocks and 1 unit in the NASDAQ Market, Apple is ranked third(3) by Net Profit $, third(3) by Revenue, sixth(6) by ROE and Twenty-seventh(27) by ROA. NASDAQ Avg AAPL AAPL Rank Net Profit $ - 112 B 3 Revenue $ - 416.2 B 3 ROE (%) 17.2 151.9 6 ROA (%) 6.4 31.2 27 P/Earnings 33.7x 31.3x 98 Price/Net Tangible Assets 11.2x 49.4x 125 P/Sales 4.4x 8.3x 133 EBITDA Margin% 18.1 31.9 135 P/Earnings/ Growth 0.97x 1.4x 268 Yield (%) 0.6 0.4 614 Total Debt/Equity (the lower the better) 0.5x 0.1x 793 Premium to 52-Wk Low (%) 45.8 47.1 1538 Discount to 52-Wk High (%) 11.1 14.1 2217 Negative values are shown in brackets. MARKET SHARE Apple has a position of market dominance in the Technology sector. Apple vs Technology sector [Technology sector Total in Brackets] Revenue of $416.2 billion[50.2% of aggregate sector revenue of $836.6 billion; down from 52.2% in the previous year.] Net Profit of $112 billion [62.1% of aggregate sector net profit of $181.1 billion; up from 58.7% in the previous year.] EBIT of $132.7 billion [57.8% of aggregate sector EBIT of $230.8 billion; down from 61.5% in the previous year.] GLOBAL RANK [out of 46,178 stocks] AND RANK OF APPLE IN THE AMERICAN REGION [out of 9,332 stocks] Description Value Global Rank In Am Region Total Assets ($) 359.2B 217 83 Revenue ($) 416.2B 25 4 Return on Equity % 151.9 93 35 Net Profit Margin % 26.9 4,101 764 Price to Book 62.1 33,796 4,689 Price/Earnings 38.5 18,829 2,579 Yield % 0.4 18,318 3,026 PV1000 (1Year) $ 1,164 17,145 3,223 $ Change (1Year) % 39.1 6,764 1,033 RANK OF APPLE IN THE NASDAQ-100 INDEX [out of 89 stocks], IN THE NASDAQ MARKET [out of 2682 stocks] AND IN THE TECHNOLOGY SECTOR [out of 206 stocks] Description Value In NASDAQ-100 Index In NASDAQ Market In Technology sector Total Assets ($) 359.2B 6 6 2 Revenue ($) 416.2B 2 3 1 Return on Equity % 151.9 2 5 2 Net Profit Margin % 26.9 21 130 8 Price to Book 49.4 52 1,636 103 Price/Earnings 31.3 47 758 40 Yield % 0.4 46 633 19 PV1000 (1Year) $ 1,168 32 130 11 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] Apple is ranked number 1 out of 269 listed technology companies in the United States with a market capitalization of $3,638.5 billion. Within its sector it has a relatively low P/E of 31.3. Finally, its earnings growth in the past 12 months has been a comparatively high 22.6%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Patents Rank by patents issued in the past 12 months: Apple vs NASDAQ stocks Apple is ranked 2 by patents issued in the past year out of 3,730 NASDAQ listed companies. A total of 97,073 patents were issued to NASDAQ listed companies in the past year, an average of 82.5 patents per company. Apple received 7,773 patents in the past 12 months, 299 times average. Source: https://www.uspto.gov/, https://www.epo.org/en, company (Apple) 1 Tax & Dividend; 2 Financials as Reported Q1 2024-25, Past 10 Years Tax & Dividend Average Income Tax Paid (Past 5 Years) In the past 5 years, Income Tax as % of profit before tax increased from 13.3% to 15.6%, Income Tax as % of sales increased from 4.0% to 5.0% and Income Tax as % of operating cash flow increased from 13.3% to 15.6%. Description 2025 2024 2023 2022 2021 As % of profit before tax 15.6 24.1 14.7 16.2 13.3 As % of operating cash flow 15.6 24.1 14.7 16.2 13.3 As % of sales 5 7.6 4.4 4.9 4 The 5-year average of profit before tax was 16.8%. Dividend History In the past 5 years annual dividends have increased by 16.0c from 88.0c to 104.0c. Based on a start date of 5 years ago, there has been no decline in dividends over the last 5 years. Date Paid Value (c) Type 09 Feb 2026 26 Quarterly 10 Nov 2025 26 Quarterly 11 Aug 2025 26 Quarterly 12 May 2025 26 Quarterly Tr 12 Months 104 2024 - 2025 100 2023 - 2024 96 2022 - 2023 92 2021 - 2022 88 Source: Nasdaq Stock Exchange: https://www.nasdaq.com/market-activity/stocks/AAPL/dividend-history, company (Apple) Financials as Reported Q1 2024-25, Past 10 Years Financials as reported (Quarter ending 27 December 2025) SEC FILING 10-Q RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In $ Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (Quarter ending 27 December 2025) Description $ Million $ Million Dec 27, 2025 Dec 28, 2024 Change % Net sales: Products 113,743 97,960 Up 16.1 Services 30,013 26,340 Up 13.9 Total net sales 143,756 124,300 Up 15.7 Cost of sales: Products 67,478 59,447 Up 13.5 Services 7,047 6,578 Up 7.1 Total cost of sales 74,525 66,025 Up 12.9 Gross margin 69,231 58,275 Up 18.8 Operating expenses: Research and development 10,887 8,268 Up 31.7 Selling general and administrative 7,492 7,175 Up 4.4 Total operating expenses 18,379 15,443 Up 19.0 Operating income 50,852 42,832 Up 18.7 Other income/(expense) net 150 -248 Recovery Income before provision for income taxes 51,002 42,584 Up 19.8 Provision for income taxes 8,905 6,254 Up 42.4 Net income 42,097 36,330 Up 15.9 Earnings per share: Basic $2.85 $2.41 Up 18.3 Diluted $2.84 $2.40 Up 18.3 Shares used in computing earnings per share: Basic 14,748,158,000 15,081,724,000 Down 2.2 Diluted 14,810,356,000 15,150,865,000 Down 2.2 BALANCE SHEET AS REPORTED (Quarter ending 27 December 2025) Description $ Million $ Million Dec 27, 2025 Sep 27, 2025 Change % ASSETS: Current assets: Cash and cash equivalents 45,317 35,934 Up 26.1 Marketable securities 21,590 18,763 Up 15.1 Accounts receivable net 39,921 39,777 Up 0.4 Vendor non-trade receivables 30,399 33,180 Down 8.4 Inventories 5,875 5,718 Up 2.7 Other current assets 15,002 14,585 Up 2.9 Total current assets 158,104 147,957 Up 6.9 Non-current assets: Marketable securities 77,888 77,723 Up 0.2 Property plant and equipment net 50,159 49,834 Up 0.7 Other non-current assets 93,146 83,727 Up 11.2 Total non-current assets 221,193 211,284 Up 4.7 Total assets 379,297 359,241 Up 5.6 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities: Accounts payable 70,587 69,860 Up 1.0 Other current liabilities 68,543 66,387 Up 3.2 Deferred revenue 9,413 9,055 Up 4.0 Commercial paper 1,997 7,979 Down 75.0 Term debt 11,827 12,350 Down 4.2 Total current liabilities 162,367 165,631 Down 2.0 Non-current liabilities: Term debt 76,685 78,328 Down 2.1 Other non-current liabilities 52,055 41,549 Up 25.3 Total non-current liabilities 128,740 119,877 Up 7.4 Total liabilities 291,107 285,508 Up 2.0 Commitments and contingencies Shareholders' equity: Common stock and additional paid-in capital 0.00001par value:50400000shares authorized;14702703and14773260shares issued and outstanding respectively 95,221 93,568 Up 1.8 Accumulated deficit -2,177 -14,264 Improved 84.7 Accumulated other comprehensive loss -4,854 -5,571 Improved 12.9 Total shareholders' equity 88,190 73,733 Up 19.6 Total liabilities and shareholders' equity 379,297 359,241 Up 5.6 CASH FLOW AS REPORTED (Quarter ending 27 December 2025) Description $ Million $ Million Dec 27, 2025 Dec 28, 2024 Change % Cash cash equivalents and restricted cash and cash equivalents beginning balances 35,934 29,943 Up 20.0 Operating activities: Net income 42,097 36,330 Up 15.9 Adjustments to reconcile net income to cash generated by operating activities: Depreciation and amortization 3,214 3,080 Up 4.4 Share-based compensation expense 3,594 3,286 Up 9.4 Other -528 -2,009 Improved 73.7 Changes in operating assets and liabilities: Accounts receivable net -153 3,597 Deterioration Vendor non-trade receivables 2,781 3,166 Down 12.2 Inventories -211 215 Deterioration Other current and non-current assets -10,250 939 Deterioration Accounts payable 848 -6,671 Recovery Other current and non-current liabilities 12,533 -11,998 Recovery Cash generated by operating activities 53,925 29,935 Up 80.1 Investing activities: Purchases of marketable securities -12,693 -6,124 Deterioration 107.3 Proceeds from maturities of marketable securities 7,510 15,967 Down 53.0 Proceeds from sales of marketable securities 2,824 3,492 Down 19.1 Payments for acquisition of property plant and equipment -2,373 -2,940 Improved 19.3 Other -154 -603 Improved 74.5 Cash generated by/(used in) investing activities -4,886 9,792 Deterioration Financing activities: Payments for taxes related to net share settlement of equity awards -2,922 -2,921 Deterioration Payments for dividends and dividend equivalents -3,921 -3,856 Deterioration 1.7 Repurchases of common stock -24,701 -23,606 Deterioration 4.6 Repayments of term debt -2,164 -1,009 Deterioration 114.5 Repayments of commercial paper net -5,910 -7,944 Improved 25.6 Other -38 -35 Deterioration 8.6 Cash used in financing activities -39,656 -39,371 Deterioration 0.7 Increase in cash cash equivalents and restricted cash and cash equivalents 9,383 356 Up 2,535.7 Cash cash equivalents and restricted cash and cash equivalents ending balances 45,317 30,299 Up 49.6 Source: Apple's, 10-Q filing dated January 30, 2026, available at the U.S. Securities and Exchange Commission website: https://www.sec.gov/Archives/edgar/data/320193/000032019326000006/aapl-20251227.htm and Apple's website: https://investor.apple.com/investor-relations/default.aspx. Download APPLE Financials Past 10 Years Description Sep 25 Sep 24 Sep 23 Sep 22 Sep 21 Income Statement Revenue per share 27.74 25.38 24.24 24,153.64 21.69 Tax (B) 20.7 29.7 16.7 19.3 14.5 Net profit (B) 112 93.7 97 99.8 94.7 EPS 7.49 6.11 6.16 6.15 5.67 Balance Sheet Equity Share Capital (B) 73.7 57 62.1 50.7 63.1 Retained Earnings (14.3 B) (19.2 B) (214 M) (3.1 B) 5.6 B Total Debt (B) 8 10 6 10 6 Total Assets (B) 359.2 365 352.6 352.8 351 Current Asset (B) 148 153 143.6 135.4 134.8 Fixed Asset (B) 49.8 45.7 43.7 42.1 39.4 Working Capital (B) (17.7) (23.4) (1.7) (18.6) 9.4 Cash Flow Operating Cash Flow (B) 111.5 118.3 110.5 122.2 104 Investing Cash Flow (B) 15.2 2.9 3.7 (22.4) (14.5) Financing Cash Flow (B) (120.7) (122) (108.5) (110.7) (93.4) Net Cash Flow 6 B (794 M) 5.8 B (11 B) (3.9 B) Description Sep 20 Sep 19 Sep 18 Sep 17 Sep 16 Income Statement Revenue per share 15.66 13.99 53.12 43.65 39.21 Tax (B) 9.7 10.5 13.4 15.7 15.7 Net profit (B) 57.4 55.3 59.5 48.4 45.7 EPS 3.31 2.99 3 2.32 2.09 Balance Sheet Equity Share Capital (B) 65.3 90.5 107.1 134 128.2 Retained Earnings (B) 15 45.9 66.9 98.2 97 Total Debt (B) 5 6 12 12 87 Total Assets (B) 323.9 338.5 365.7 375.3 321.7 Current Asset (B) 143.7 162.8 131.3 128.6 106.9 Fixed Asset (B) 36.8 37.4 41.3 33.8 27 Working Capital (B) 38.3 57.1 15.4 27.8 27.9 Cash Flow Operating Cash Flow (B) 80.7 69.4 77.4 64.2 65.8 Investing Cash Flow (B) (4.3) 45.9 16.1 (46.4) (46) Financing Cash Flow (B) (86.8) (91) (87.9) (18) (20.5) Net Cash Flow (10.4 B) 24.3 B 5.6 B (195 M) (636 M) Source: Apple's, 10-K filing dated October 31, 2025, available at the U.S. Securities and Exchange Commission website: https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm and Apple's website: https://investor.apple.com/investor-relations/default.aspx.