United states securities and exchange commission

Employee Stock Purchase Plan
The Employee Stock Purchase Plan (the “Purchase Plan”) is a shareholder-approved plan under which substantially all 
employees may voluntarily enroll to purchase the Company’s common stock through payroll deductions at a price equal to 85% 
of the lower of the fair market values of the stock as of the beginning or the end of six-month offering periods. An employee’s 
payroll deductions under the Purchase Plan are limited to 10% of the employee’s eligible compensation and employees may not 
purchase more than $25,000 of stock during any calendar year. A maximum of approximately 230 million shares (split-adjusted) 
were authorized for issuance under the Purchase Plan at the time the plan was last amended and restated on March 10, 2015.
401(k) Plan
The Company’s 401(k) Plan is a tax-qualified deferred compensation arrangement under Section 401(k) of the Internal Revenue 
Code. Under the 401(k) Plan, participating U.S. employees may contribute a portion of their eligible earnings, subject to 
applicable U.S. Internal Revenue Service and plan limits. The Company matches 50% to 100% of each employee’s 
contributions, depending on length of service, up to a maximum of 6% of the employee’s eligible earnings.
Restricted Stock Units
A summary of the Company’s RSU activity and related information for 2022, 2021 and 2020, is as follows:
Number of
RSUs
(in thousands)
Weighted-Average
Grant Date Fair
Value Per RSU
Aggregate
Fair Value
(in millions)
Balance as of September 28, 2019
326,068 $ 
42.30 
RSUs granted
156,800 $ 
59.20 
RSUs vested
(157,743) $ 
40.29 
RSUs canceled
(14,347) $ 
48.07 
Balance as of September 26, 2020
310,778 $ 
51.58 
RSUs granted
89,363 $ 
116.33 
RSUs vested
(145,766) $ 
50.71 
RSUs canceled
(13,948) $ 
68.95 
Balance as of September 25, 2021
240,427 $ 
75.16 
RSUs granted
91,674 $ 
150.70 
RSUs vested
(115,861) $ 
72.12 
RSUs canceled
(14,739) $ 
99.77 
Balance as of September 24, 2022
201,501 $ 
109.48 $ 
30,312 
The fair value as of the respective vesting dates of RSUs was $18.2 billion, $19.0 billion and $10.8 billion for 2022, 2021 and 
2020, respectively. The majority of RSUs that vested in 2022, 2021 and 2020 were net share settled such that the Company 
withheld shares with a value equivalent to the employees’ obligation for the applicable income and other employment taxes, and 
remitted the cash to the appropriate taxing authorities. The total shares withheld were approximately 41 million, 53 million and 56 
million for 2022, 2021 and 2020, respectively, and were based on the value of the RSUs on their respective vesting dates as 
determined by the Company’s closing stock price. Total payments to taxing authorities for employees’ tax obligations were $6.4 
billion, $6.8 billion and $3.9 billion in 2022, 2021 and 2020, respectively.
Apple Inc. | 2022 Form 10-K | 47

---