[Form 4] Alphabet Inc. Insider Trading Activity

Rhea-AI Filing Summary

John Kent Walker, listed as Alphabet Inc. officer (President, Global Affairs, CLO), reported multiple grants/vestings of Class C Google Stock Units (GSUs) and related dividend equivalent units (DEUs) on 09/15/2025. The filing shows three separate GSU/DEU accruals totaling 92,528, 57,077, and 28,396 GSUs/DEUs respectively, all recorded as acquisitions at $0 price and increasing his beneficial ownership. The report also lists 60,801 Class C shares held indirectly via Arete Trust and 23,503 Class C shares owned directly. Vesting schedules and dividend-equivalent treatment are described for each grant.

Insights

Corporate Governance Expert

TL;DR: Routine equity compensation and DEU accruals for an Alphabet officer increase reported beneficial ownership and reflect standard vesting schedules.

The Form 4 documents grants and dividend-equivalent accruals of Class C GSUs for John Kent Walker, recorded as acquisitions at $0 reflecting compensation vesting events rather than open-market purchases. The filing discloses clear vesting schedules and the conversion mechanics of DEUs to Class C shares as they vest. Indirect holdings via Arete Trust are specified, indicating a mix of direct and trust-held ownership. These disclosures are consistent with standard executive equity award reporting and improve transparency on insider holdings.

Securities Analyst

TL;DR: Multiple GSU and DEU accruals materially increase reported share units but are compensation-driven and not market transactions.

The reported amounts—92,528, 57,077, and 28,396 GSUs/DEUs—are recorded as acquisitions at zero price, indicating dividend-equivalent units and vesting of previously granted GSUs rather than purchases. The filing specifies vesting cadence (including specific quarterly dates and fraction schedules) and confirms conversion entitlement of one Class C share per vested unit. The mix of direct and Arete Trust holdings is disclosed, clarifying beneficial ownership structure.

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^*

WALKER JOHN KENT

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, Global Affairs, CLO

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		24(2)	A	$0	28,396(3)	D
Class C Google Stock Units(4)	09/15/2025		A		48(2)	A	$0	57,077(5)	D
Class C Google Stock Units(6)	09/15/2025		A		77(2)	A	$0	92,528(7)	D
Class C Capital Stock								60,801	I	By Arete Trust, John Kent Walker and Diana Ruth Walsh, Trustees
Class C Capital Stock								23,503	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. 1/6th of the GSUs vested on June 25, 2023 and an additional 1/12th of the GSUs vests quarterly thereafter until the GSUs are fully vested, subject to continuing employment on the applicable 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 187 DEUs and 28,209 GSUs.

4. 1/6th of the GSUs vested on June 25, 2024; 1/12th of the GSUs vested on September 25, 2024, and an additional 1/12th of the GSUs vests quarterly thereafter on the 25th day of the month until the GSUs are fully vested, subject to continued employment on the applicable vesting dates.

5. Consists of 375 DEUs and 56,702 GSUs.

6. The GSUs vest as follows: (i) 27/260th of the grant will vest on each March 25, 2025, June 25, 2025, September 25, 2025 and December 25, 2025; and (ii) 19/260th 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.

7. Consists of 297 DEUs and 92,231 GSUs.

	/s/Kenneth Yi, as Attorney-in-Fact for John Kent Walker	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 John Kent Walker report on the Form 4 for GOOGL?

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

How many GSUs/DEUs were reported in the 09/15/2025 filing?

The filing lists three accruals: 28,396, 57,077, and 92,528 GSUs/DEUs respectively.

Does the Form 4 show any direct or indirect holdings for Walker?

Yes. It shows 60,801 Class C shares held indirectly via Arete Trust and 23,503 Class C shares owned directly.

Are the reported GSUs immediately exercisable into Class C shares?

No. The filing states GSUs and DEUs vest according to specified schedules; each vested unit entitles the holder to one Class C share upon vesting.

Were these acquisitions market purchases or compensation-related grants?

The reported acquisitions are recorded at a $0 price and represent compensation-related GSUs and DEUs vesting, not open-market purchases.