Alphabet (GOOG) CFO reports dividend-based Class C stock units

Rhea-AI Filing Summary

Alphabet Inc.'s SVP and Chief Financial Officer Anat Ashkenazi reported additional Class C Google Stock Units tied to dividend equivalents on December 15, 2025. The filing shows acquisitions at a price of $0 of 16, 22, and 55 Class C Google Stock Units that accrued as dividend equivalent units on existing GSU awards. After these transactions, she beneficially owned 23,471, 31,334, and 81,803 Class C Google Stock Units across three grants, plus 90,771 shares of Class C capital stock. The GSUs and related dividend equivalent units vest in scheduled installments from March 25, 2025 through January 1, 2028, subject to continued employment.

SEC Form 4

FORM 4

UNITED 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

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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^*

Ashkenazi Anat

(Last) (First) (Middle)

C/O ALPHABET INC.

1600 AMPHITHEATRE PRKW

(Street)

MOUNTAIN VIEW CA 94043

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Alphabet Inc. [ GOOGL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Class C Google Stock Units(1)	12/15/2025		A		16(4)	A	$0	23,471(5)	D
Class C Google Stock Units(2)	12/15/2025		A		22(4)	A	$0	31,334(6)	D
Class C Google Stock Units(3)	12/15/2025		A		55(4)	A	$0	81,803(7)	D
Class C Capital Stock								90,771	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Class C Google Stock Units (GSUs) entitle the Reporting Person to receive one share of Alphabet Inc. Class C capital stock for each share underlying the GSUs as each GSU vests. 25% of the GSUs will vest on each March 25, 2025, June 25, 2025, September 25, 2025, and December 25, 2025, subject to continued employment on such vesting dates.

2. The GSUs will vest as follows: 25% of the GSUs will vest on each March 25, 2026, June 25, 2026, September 25, 2026 and December 25, 2026, subject to continued employment on such vesting dates.

3. The GSUs vest as follows: (i) 15/136th of the grant will vest on each March 25, 2025, June 25, 2025, September 25, 2025 and December 25, 2025; (ii) 19/272nd of the grant will vest quarterly on the 25th day of the month from March 25, 2026 through December 25, 2026, and on the 1st day of the month from April 1, 2027 through January 1, 2028, subject to continued employment on the applicable vesting dates.

4. Represents the dividend equivalent units (DEUs) that accrued on the Reporting Person's GSUs held as of December 8, 2025, in connection with the cash dividend that was declared by the Issuer and distributed on December 15, 2025. 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.

5. Consists of 144 DEUs and 23,327 GSUs.

6. Consists of 203 DEUs and 32,931 GSUs.

7. Consists of 318 DEUs and 81,485 GSUs.

	s/ Kenneth Yi as Attorney-in-Fact for Anat Ashkenazi	12/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Alphabet (GOOG) disclose in this Form 4 filing?

The filing shows that Anat Ashkenazi, Alphabet’s SVP and Chief Financial Officer, acquired additional Class C Google Stock Units on December 15, 2025 through dividend equivalent units tied to existing GSU awards.

How many Alphabet Class C Google Stock Units did the CFO acquire on 12/15/2025?

The CFO acquired 16, 22, and 55 Class C Google Stock Units on December 15, 2025, each at a price of $0, as dividend equivalent units on her existing GSU grants.

What are dividend equivalent units (DEUs) in this Alphabet (GOOG) filing?

Dividend equivalent units (DEUs) accrued on the reporting person’s GSUs held as of December 8, 2025 in connection with a cash dividend distributed on December 15, 2025. Each DEU will vest on the same schedule as the underlying GSUs and entitles the holder to one share of Alphabet Class C capital stock upon vesting.

How many Alphabet Class C Google Stock Units does the CFO own after these transactions?

Following the reported transactions, the CFO beneficially owned 23,471, 31,334, and 81,803 Class C Google Stock Units across three grants, plus 90,771 shares of Class C capital stock.

What portion of the CFO’s Alphabet (GOOG) holdings are DEUs versus GSUs?

One holding consists of 144 DEUs and 23,327 GSUs, another of 203 DEUs and 32,931 GSUs, and another of 318 DEUs and 81,485 GSUs, as described in the explanations of responses.

When do the reported Alphabet Google Stock Units and DEUs vest?

One GSU grant vests 25% on each of March 25, 2025, June 25, 2025, September 25, 2025, and December 25, 2025. Another vests 25% on each of March 25, 2026, June 25, 2026, September 25, 2026, and December 25, 2026. A third vests in fractional installments from March 25, 2025 through January 1, 2028, all subject to continued employment.