technology · late-filing · stock-act
Rep. Tim Walberg Discloses Apple Purchase 14 Months Late as Stock Surges
The Michigan Republican violated the STOCK Act by hiding a batch of February 2025 trades, including Apple, defense contractors, and energy firms.
2026-06-13 — Tim Walberg · AAPL
Key facts
- Rep. Tim Walberg disclosed an Apple stock purchase 481 days after the transaction occurred, violating the STOCK Act's 45-day disclosure window.
- The individual Apple purchase was valued between $15,001 and $50,000, but was part of a 13-trade batch executed on the same day totaling between $154,014 and $560,000.
- The broader batch of late disclosures included transactions in defense contractors and fossil fuel companies.
- Apple's stock price rose 27.9% between the trade execution date and its eventual public disclosure.
Rep. Tim Walberg (R-Mich.) waited more than 14 months to disclose a portfolio of stock purchases, including a first-time buy of Apple Inc. (AAPL) that has since surged in value.
According to congressional disclosure records, Walberg purchased between $15,001 and $50,000 of Apple stock on February 7, 2025. He did not file the transaction until June 3, 2026—481 days after the trade, and 436 days past the federal deadline. By the time the public learned of the transaction, Apple's stock price had risen approximately 27.9% from its trade-date price of $227.63, closing near $291.13.
Members of Congress are required by the STOCK Act to disclose trades within 45 days, and disclosed amounts are reported in ranges.
While the individual Apple purchase was valued between $15,001 and $50,000, it was part of a much larger trading spree. On that same day, February 7, 2025, Walberg executed 12 other purchases. This broader batch included investments in defense contractors like Lockheed Martin and L3Harris, and fossil fuel giants like Chevron. Collectively, the total value of these late-disclosed transactions was between $154,014 and $560,000.
The simultaneous execution of 13 trades across highly diverse sectors—including technology, defense, financials, and energy—suggests a programmatic portfolio rebalancing or an adviser-managed restructuring rather than targeted, policy-driven stock picking. Our analysis scored the trade's informational signal at a low 5 out of 100, reflecting this likely passive origin.
The timing of the Apple trade also followed major public developments. Just over a week prior, on January 30, 2025, Apple released its fiscal first-quarter earnings report, posting record quarterly revenue of $124.3 billion. The company subsequently filed additional corporate disclosures on February 25, 2025.
While the delayed filings may point to administrative oversight rather than an attempt to trade on non-public information, the 14-month delay represents a clear violation of congressional disclosure rules.
Better late than never is a tough sell when the stock market moves this fast.
Sources
- Apple Inc. Form 8-K Q1 FY2025 Earnings Release — SEC EDGAR
- Apple Inc. Form 8-K (Item 5.07) — SEC EDGAR