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Dividend units lift Alphabet (GOOG) director Frances Arnold’s stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ARNOLD FRANCES reported acquisition or exercise transactions in this Form 4 filing.

Alphabet Inc. director Frances Arnold reported routine equity compensation changes related to Class C stock. The Form 4 shows awards of small amounts of Class C Google Stock Units and dividend equivalent units that each entitle her to receive one share of Alphabet Class C Capital Stock as they vest.

Vesting occurs in monthly 1/48th installments under several GSU schedules, subject to continued service on the Board. After these transactions, Arnold directly holds 18,721 shares of Class C Capital Stock and separate GSU balances, including 1,558, 1,026, 777 and 81 Class C Google Stock Units tied to prior grants and associated dividend equivalents.

Positive

  • None.

Negative

  • None.
Insider ARNOLD FRANCES
Role null
Type Security Shares Price Value
Grant/Award Class C Google Stock Units 0.05 $0.00 --
Grant/Award Class C Google Stock Units 0.5 $0.00 --
Grant/Award Class C Google Stock Units 1 $0.00 --
Grant/Award Class C Google Stock Units 1 $0.00 --
holding Class C Capital Stock -- -- --
Holdings After Transaction: Class C Google Stock Units — 81 shares (Direct, null); Class C Capital Stock — 18,721 shares (Direct, null)
Footnotes (1)
  1. The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vests. 1/48th of GSUs vested on July 25, 2022 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates. Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026, in connection with the cash dividend that was declared by the Issuer and distributed on June 15, 2026. These DEUs will vest on the same schedule as the GSUs on which the DEUs accrued. Each DEU entitles the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the DEU as each DEU vests. Consists of 1 DEUs and 80 GSUs. 1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates. Consists of 7 DEUs and 770 GSUs. 1/48 of GSUs vests on the 25th day of each month following the grant date for 31 months and on the 1st day of each month for the following 17 months, subject to continued service on such vesting dates. Consists of 8 DEUs and 1,018 GSUs. 1/48 of GSUs will vest on the 25th day of each month following the grant date for 19 months and on the 1st day of each month for the following 29 months, subject to continued service on the Board on the applicable vesting dates. Consists of 4 DEUs and 1,554 GSUs.
Class C shares held 18,721 shares Class C Capital Stock held directly following transactions
GSUs tranche 1,558 units Class C Google Stock Units balance in one grant after transactions
GSUs tranche 1,026 units Class C Google Stock Units balance in a second grant
GSUs tranche 777 units Class C Google Stock Units balance in a third grant
GSUs tranche 81 units Class C Google Stock Units balance in a fourth grant
Vesting rate 1/48th monthly Typical GSU vesting installment for certain grants
GSU composition 1 DEU + 80 GSUs One grant consists of 1 dividend equivalent unit and 80 GSUs
GSU composition 4 DEUs + 1,554 GSUs Another grant consists of 4 dividend equivalent units and 1,554 GSUs
Class C Capital Stock financial
"The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock"
Google Stock Units (GSUs) financial
"The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock"
dividend equivalent units (DEUs) financial
"Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026"
vesting financial
"1/48th of GSUs vested on July 25, 2022 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
continued service financial
"will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
ARNOLD FRANCES

(Last)(First)(Middle)
C/O ALPHABET INC.
1600 AMPHITHEATRE PKWY

(Street)
MOUNTAIN VIEW CALIFORNIA 94043

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Alphabet Inc. [ GOOGL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class C Google Stock Units(1)06/15/2026A0.05(2)A$081(3)D
Class C Google Stock Units(4)06/15/2026A0.5(2)A$0777(5)D
Class C Google Stock Units(6)06/15/2026A1(2)A$01,026(7)D
Class C Google Stock Units(8)06/15/2026A1(2)A$01,558(9)D
Class C Capital Stock18,721D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C Capital Stock for each share underlying the GSU as GSU vests. 1/48th of GSUs vested on July 25, 2022 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates.
2. Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of June 8, 2026, in connection with the cash dividend that was declared by the Issuer and distributed on June 15, 2026. These DEUs will vest on the same schedule as the GSUs on which the DEUs accrued. Each DEU entitles the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the DEU as each DEU vests.
3. Consists of 1 DEUs and 80 GSUs.
4. 1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates.
5. Consists of 7 DEUs and 770 GSUs.
6. 1/48 of GSUs vests on the 25th day of each month following the grant date for 31 months and on the 1st day of each month for the following 17 months, subject to continued service on such vesting dates.
7. Consists of 8 DEUs and 1,018 GSUs.
8. 1/48 of GSUs will vest on the 25th day of each month following the grant date for 19 months and on the 1st day of each month for the following 29 months, subject to continued service on the Board on the applicable vesting dates.
9. Consists of 4 DEUs and 1,554 GSUs.
/s/ Fadillah Badar, as Attorney-in-Fact for Frances H. Arnold06/17/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Alphabet (GOOG) report for Frances Arnold?

Alphabet reported that director Frances Arnold received several small awards of Class C Google Stock Units and related dividend equivalent units. These are routine equity compensation entries, not open-market buys or sells, and will convert into Class C shares as they vest over time.

How many Alphabet Class C shares does Frances Arnold hold after this Form 4?

After the reported transactions, Frances Arnold directly holds 18,721 shares of Alphabet Class C Capital Stock. In addition, she holds various tranches of Class C Google Stock Units that can settle into further Class C shares as they vest under existing schedules.

What are Google Stock Units (GSUs) and dividend equivalent units (DEUs) at Alphabet?

Alphabet’s Google Stock Units each entitle the holder to one share of Class C Capital Stock upon vesting. Dividend equivalent units accrue on GSUs when dividends are paid and vest on the same schedule, also delivering one Class C share for each vested unit.

How do the vesting schedules work for Frances Arnold’s Alphabet GSUs?

Her GSUs generally vest in 1/48th monthly installments over multi‑year periods, subject to continued service. Some tranches vest on the 25th day of each month for an initial period, then on the 1st of the month thereafter, with Board service required on each vesting date.

How were new dividend equivalent units created for Frances Arnold at Alphabet?

New dividend equivalent units accrued on GSUs that Frances Arnold held as of June 8, 2026, tied to a cash dividend Alphabet declared and distributed on June 15, 2026. These DEUs vest on the same timetable as the underlying GSUs to which they relate.