[Form 4] Alphabet Inc. Insider Trading Activity

Rhea-AI Filing Summary

K. Ram Shriram, a director of Alphabet Inc. (GOOGL), reported multiple acquisitions of Class C Google Stock Units (GSUs) and dividend equivalent units (DEUs) on 09/15/2025. The Form 4 shows several GSU grants and DEUs that vest monthly under staggered schedules, and records direct and indirect beneficial ownership across personal holdings, limited partnerships, spouse holdings, and multiple irrevocable trusts.

The filings show specific increases in vested and unvested equity: small DEU increments (e.g., 4, 9, 8, 2 DEUs combined with hundreds to thousands of GSUs) and reported Class A common stock holdings reported as both direct and indirect, reflecting Mr. Shriram's continued equity stake and compensation through GSUs tied to board service.

Positive

• Director received GSUs and DEUs on 09/15/2025, increasing beneficial equity holdings via scheduled vesting
• Comprehensive disclosure of indirect ownership across spouse, limited partnership, and multiple irrevocable trusts enhances transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received scheduled GSUs and DEUs that increase his equity stake; transactions reflect compensation vesting, not market purchases.

The Form 4 documents multiple grant/vesting events of Google Stock Units and associated dividend equivalent units on 09/15/2025. These GSU/DEU entries are recorded at $0 price, indicating issuance/vesting rather than open-market purchases. The schedules indicate monthly vesting increments (1/48th or other monthly splits) and show aggregate additions measured in hundreds to thousands of underlying shares per line item. For investors, this is an insider compensation disclosure that marginally increases insider-held equity but does not represent a cash-funded acquisition or sale.

Corporate Governance Expert

TL;DR: Routine director compensation and trust allocations disclosed; multiple indirect holdings show estate and trust structuring.

The filing details direct and indirect beneficial ownership including holdings via a limited partnership, spouse, and several irrevocable trusts dated 09/10/2021, 10/28/2022, and 04/10/2025. Signatory authority is via an attorney-in-fact. These entries are consistent with standard governance practices for directors receiving equity compensation and using trusts for estate planning. The disclosure is thorough and clarifies the nature of indirect ownership for compliance with Section 16 rules.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

1. Name and Address of Reporting Person^*

Shriram Kavitark Ram

(Last) (First) (Middle)

C/O ALPHABET INC.

1600 AMPHITHEATRE PKWY

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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)	09/15/2025		A		1(2)	A	$0	664(3)	D
Class C Google Stock Units(4)	09/15/2025		A		1(2)	A	$0	1,312(5)	D
Class C Google Stock Units(6)	09/15/2025		A		1(2)	A	$0	1,392(7)	D
Class C Google Stock Units(8)	09/15/2025		A		2(2)	A	$0	1,934(9)	D
Class A Common Stock								229,400	D
Class A Common Stock								337,680	I	By Limited Partnership
Class A Common Stock								228,400	I	By Spouse
Class A Common Stock								320,864	I	Ram Shriram TR UA 09/10/2021 2021 RS Irrevocable Trust(10)
Class A Common Stock								319,344	I	Vijay Shriram TR UA 09/10/2021 2021 VS Irrevocable Trust(11)
Class A Common Stock								187,710	I	Ram Shriram TR UA 10/28/2022 2022 RS Irrevocable Trust(12)
Class A Common Stock								187,710	I	Vijay Shriram TR UA 10/28/2022 2022 VS Irrevocable Trust(13)
Class C Capital Stock								187,710	I	Ram Shriram TR UA 10/28/2022 2022 RS Irrevocable Trust(12)
Class C Capital Stock								187,710	I	Vijay Shriram TR UA 10/28/2022 2022 VS Irrevocable Trust(13)
Class C Capital Stock								319,344	I	Vijay Shriram TR UA 09/10/2021 2021 VS Irrevocable Trust(11)
Class C Capital Stock								320,864	I	Ram Shriram TR UA 09/10/2021 2021 RS Irrevocable Trust(10)
Class C Capital Stock								338,600	I	By Limited Partnership
Class C Capital Stock								257,226	I	By Spouse
Class C Capital Stock								345,683	D
Class C Capital Stock								500,000	I	Ram Shriram TR UA 04/10/2025 2025 RS Irrevocable Trust(14)
Class C Capital Stock								500,000	I	Vijay Shriram TR UA 04/10/2025 2025 VS Irrevocable Trust(15)

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. 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 September 8, 2025, in connection with the cash dividend that was declared by the Issuer and distributed on September 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.

3. Consists of 4 DEUs and 660 GSUs.

4. 1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests on the 25th day of each month thereafter, subject to continued service on the Board on the applicable vesting dates.

5. Consists of 9 DEUs and 1,303 GSUs.

6. 1/48 of GSUs will vest 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 the Board on the applicable vesting dates.

7. Consists of 8 DEUs and 1,384 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 2 DEUs and 1,932 GSUs.

10. The Reporting Person is both trustee and sole annuitant of the Ram Shriram Trust UA 09/10/2021.

11. The Reporting Person's spouse is both trustee and sole annuitant of the Vijay Shriram Trust UA 09/10/2021.

12. The Reporting Person is trustee and beneficiary of the 2022 RS Irrevocable Trust UAD 10/28/2022.

13. The Reporting Person's spouse is trustee and beneficiary of the 2022 VS Irrevocable Trust UAD 10/28/2022.

14. The Reporting Person is both trustee and sole annuitant of the 2025 RS Irrevocable Trust dated 4/10/25.

15. The Reporting Person's spouse is both trustee and sole annuitant of the 2025 VS Irrevocable Trust dated 4/10/25.

	/s/ Fadillah Badar, as Attorney-in-Fact for K. Ram Shriram	09/17/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did K. Ram Shriram report on the Form 4 for GOOGL?

The Form 4 reports acquisitions of Class C Google Stock Units (GSUs) and dividend equivalent units (DEUs) on 09/15/2025, recorded at $0 as vesting/issuance events.

How do the GSUs and DEUs vest according to the filing?

Vesting occurs on a monthly schedule described as 1/48th or other monthly splits, with specific schedules tied to grant dates and continued board service.

Does the Form 4 show any open-market purchases or sales by Mr. Shriram?

No. Transactions are shown at a $0 price, indicating issuance/vesting of equity units rather than market purchases or sales.

What indirect ownership structures are disclosed for the reporting person?

Disclosures include holdings by spouse, a limited partnership, and multiple irrevocable trusts (dated 09/10/2021, 10/28/2022, and 04/10/2025).

Who signed the Form 4 on behalf of K. Ram Shriram?

The form was signed by Fadillah Badar, as Attorney-in-Fact for K. Ram Shriram on 09/17/2025.