[Form 4] Alphabet Inc. Insider Trading Activity

Rhea-AI Filing Summary

L. John Doerr, a director of Alphabet Inc. (GOOGL), reported multiple acquisitions of Google Stock Units (GSUs) and dividend equivalent units (DEUs) on 09/15/2025. The Form 4 shows DEUs that accrued in connection with a cash dividend distributed on 09/15/2025 and several GSU vesting events. All reported GSU/DEU transactions carried a price of $0, reflecting issuance/vesting rather than open-market purchases. Following the reported transactions the filing lists beneficial ownership of 69,700 shares of Class A common stock and 138,599 shares of Class C capital stock. The reported entries describe monthly vesting schedules (1/48th portions) with continued board service as a condition for vesting.

Positive

• Reported increase in director's equity holdings via GSUs and DEUs, raising disclosed beneficial ownership in both Class A and Class C shares
• All GSU/DEU transactions reported at $0, indicating vesting/issuance consistent with standard compensation rather than market purchases

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director received vested equity and dividend equivalents; standard board-compensation mechanics, no cash purchases.

The Form 4 documents routine director compensation activity: grant-related Google Stock Units and accrued dividend equivalent units that vest over time in 1/48th increments, with continued board service required. The transactions are reported as acquisitions at a $0 price, consistent with vesting/issuance. The filing increases the director's reported beneficial ownership in both Class A and Class C shares, and includes clear vesting schedules tied to board service, which is typical for non-employee director equity awards.

Securities Analyst

TL;DR: Multiple GSUs and DEUs added to director holdings; ownership totals disclosed, no market transactions or sales reported.

The report shows additions of GSUs and DEUs as of 09/15/2025, including specific unit counts and the note that DEUs arose from a cash dividend declared and distributed on 09/15/2025. The filing shows the director holds 69,700 Class A and 138,599 Class C shares following these events. No derivative exercises, open-market purchases, or dispositions are recorded. Impact on share count and potential future dilution is limited to issuance upon vesting under the disclosed schedules.

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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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^*

DOERR L JOHN

(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	1,312(3)	D
Class C Google Stock Units(4)	09/15/2025		A		1(2)	A	$0	664(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								69,700	D
Class C Capital Stock								138,599	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. 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. 1/48 of GSUs vests 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 appliable 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 9 DEUs and 1,303 GSUs.

4. 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 the Board on the appliable vesting dates.

5. Consists of 4 DEUs and 660 GSUs.

6. 1/48th of GSUs vested on July 25, 2023 and an additional 1/48th of GSUs vests monthly thereafter until the GSUs are fully vested, subject to continued service on the Board on the appliable 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.

	/s/ Kenneth Yi, as Attorney-in-Fact for L. John Doerr	09/15/2025
	** 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).
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FAQ

What did L. John Doerr report on the Form 4 for GOOGL?

The Form 4 reports acquisitions of Google Stock Units (GSUs) and dividend equivalent units (DEUs) on 09/15/2025, with post-transaction holdings of 69,700 Class A and 138,599 Class C shares.

Were the reported transactions purchases or issuances for GOOGL?

The transactions are reported with a price of $0, which indicates these were issuances/vestings rather than open-market purchases.

Why were DEUs reported on the Form 4 for GOOGL?

DEUs were accrued in connection with a cash dividend declared and distributed on 09/15/2025 and will vest on the same schedule as the underlying GSUs.

What are the vesting terms disclosed for the GSUs?

The GSUs vest in 1/48th increments monthly on specified monthly dates (25th or 1st) over multi-year schedules, subject to continued board service.

Did the Form 4 report any dispositions or sales by the director?

No dispositions or open-market sales are reported in this Form 4; entries reflect acquisitions/vesting and resulting beneficial ownership.