GOOGL Form 144 Filed for 32,500 Class C Shares Worth $6.89M
Rhea-AI Filing Summary
Form 144 filed for Alphabet Inc. (GOOGL) reporting a proposed sale of 32,500 Class C shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $6,889,675, scheduled approximately for 09/03/2025. The shares were acquired as restricted stock units on 03/25/2021 from the issuer and payment was recorded as N/A. The filing lists multiple 10b5-1 sales during the past three months attributed to Sundar Pichai and the Pichai Family Foundation, showing recurring dispositions of Class C shares and gross proceeds by date. The notice includes the required representation regarding absence of undisclosed material adverse information and references a trading plan or instructions where applicable.
Positive
- Disclosure of planned sale of 32,500 Class C shares with aggregate value of $6,889,675
- Acquisition origin disclosed: shares were received as restricted stock units on 03/25/2021
- Broker identified for the transaction: Morgan Stanley Smith Barney LLC
- Recent 10b5-1 sales provided for the past three months, listing dates and gross proceeds for transparency
- Attestation included that seller does not possess undisclosed material adverse information and references 10b5-1 plan adoption
Negative
- None.
Insights
TL;DR: Insider dispositions disclosed; transaction is routine RSU sale via broker under Form 144.
The filing documents a proposed sale of 32,500 Class C shares acquired as restricted stock units in 2021, with an indicated aggregate market value of $6,889,675 and a broker named as Morgan Stanley Smith Barney LLC. The filing also records multiple 10b5-1 sales in the prior three months by Sundar Pichai and the Pichai Family Foundation with listed gross proceeds by transaction date. From a financial reporting standpoint this is a standard insider notice of planned sale rather than an operational or financial disclosure about the issuer.
TL;DR: Governance controls evident through Rule 144 and 10b5-1 disclosures; required attestation included.
The document includes the attestation required by Form 144 that the seller does not possess undisclosed material adverse information and notes reliance on Rule 10b5-1 trading plans for recent sales. The filing names the broker and provides acquisition details (RSUs dated 03/25/2021), meeting disclosure obligations for officer/director-related sales. This is a procedural governance disclosure rather than a corporate action affecting company operations.