GOOGL Insider Filing: Anat Ashkenazi Reports GSU and DEU Vesting

Rhea-AI Filing Summary

Anat Ashkenazi, SVP and Chief Financial Officer of Alphabet Inc., reported transactions on a Form 4 showing equity awards that vested or were recorded on 09/15/2025. The filing lists multiple Class C Google Stock Units (GSUs) and associated dividend equivalent units (DEUs) acquired on that date. The explanations state GSUs convert to one share of Class C capital stock as they vest and that DEUs accrued with a cash dividend declared and distributed on September 15, 2025 and vest on the same schedules as the underlying GSUs.

The filing shows post-transaction beneficial ownership figures by line: 46,909, 33,112, and 95,221 GSUs/DEUs across separate grants and indicates 72,410 shares of Class C capital stock beneficially owned. Vesting schedules are specified for each grant, with tranche dates in 2025, 2026 and through January 1, 2028, all subject to continued employment.

Positive

• Reported increase in beneficial ownership via acquisition of GSUs and DEUs on 09/15/2025
• Detailed vesting schedules provided showing timelines through January 1, 2028, enhancing transparency
• DEUs tied to declared dividend are disclosed and will vest on the same schedules as underlying GSUs

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive equity vesting increased reported beneficial ownership but contains no sale or cash proceeds; impact is informational.

The Form 4 documents acquisition of GSUs and accrued DEUs on 09/15/2025 tied to dividend distribution and scheduled vesting. The disclosure lists detailed vesting timelines and the mechanics that GSUs/DEUs each convert to one Class C share upon vesting. There are no reported dispositions, option exercises for cash, or changes in control disclosed. For investors, this is a standard compensation-related ownership update rather than an event affecting company operations or capital structure.

Corporate Governance Expert

TL;DR: The filing reflects standard equity compensation administration and confirms ongoing executive alignment with equity incentives.

The filing clearly identifies Anat Ashkenazi as an officer filing individually and provides tranche-by-tranche vesting schedules for multiple GSUs and DEUs, including vesting through January 1, 2028. The presence of DEUs tied to a declared cash dividend is explicitly noted. This transparency satisfies Section 16 reporting requirements; no material governance concerns or departures are disclosed in the document itself.

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

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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).

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)
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		39(2)	A	$0	46,909(3)	D
Class C Google Stock Units(4)	09/15/2025		A		28(2)	A	$0	33,112(5)	D
Class C Google Stock Units(6)	09/15/2025		A		79(2)	A	$0	95,221(7)	D
Class C Capital Stock								72,410	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. 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 256 DEUs and 46,653 GSUs.

4. 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.

5. Consists of 181 DEUs and 32,931 GSUs.

6. 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.

7. Consists of 305 DEUs and 94,916 GSUs.

	/s/ Kenneth Yi as Attorney-in-Fact for Anat Ashkenazi	09/16/2025
	** 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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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Anat Ashkenazi report on the Form 4 for GOOGL?

The Form 4 reports acquisitions on 09/15/2025 of Class C Google Stock Units (GSUs) and dividend equivalent units (DEUs) that will convert to Class C shares as they vest.

How many Class C shares or units does the filing show after the transactions?

The filing shows post-transaction beneficial ownership figures of 46,909, 33,112, and 95,221 for separate GSU/DEU lines and 72,410 shares of Class C capital stock.

When do the reported GSUs and DEUs vest?

Vesting schedules are specified by grant: tranches on March 25, June 25, September 25 and December 25 of 2025 and 2026, and additional quarterly or monthly vesting through January 1, 2028, subject to continued employment.

Do the transactions report any cash proceeds or sales?

No. The Form 4 discloses acquisitions of GSUs and DEUs and increased beneficial ownership; it does not report any dispositions or cash proceeds.

Why were DEUs recorded on 09/15/2025?

The explanations state DEUs represent dividend equivalents accrued on GSUs held as of September 8, 2025, in connection with a cash dividend declared by Alphabet and distributed on September 15, 2025.