[Form 4] Alphabet Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alphabet Inc. (GOOGL) Form 4 filed for Reporting Person ARNOLD FRANCES, a director, documents acquisitions of Google Stock Units (GSUs) and dividend equivalent units (DEUs) that vest into Class C capital stock. On 09/15/2025 the filing reports multiple A (acquisition) entries for GSUs/DEUs that were recorded in connection with a cash dividend declared and distributed on 09/15/2025. The filing explains GSUs convert one-for-one to Class C shares as they vest on specified monthly schedules. After the reported transactions the Reporting Person beneficially owns 17,387 shares of Class C capital stock directly. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Positive

• Disclosed acquisitions are compensation-related vesting (GSUs/DEUs), not open-market sales
• Reporting Person retains direct beneficial ownership of 17,387 Class C shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine director vesting and dividend-equivalent accruals led to modest increases in direct Class C ownership; no sale or cash proceeds reported.

The transactions disclosed are acquisitions of GSUs and DEUs tied to vesting schedules and a cash dividend distribution on 09/15/2025. These entries reflect compensation vesting mechanics rather than open-market activity, so they are unlikely to materially affect Alphabet's valuation or signal insider intent to trade. Beneficial ownership remains direct at 17,387 Class C shares, consistent with ongoing board compensation arrangements.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting for officer/director compensation vesting; procedural filing signed by attorney-in-fact.

The Form 4 documents standard equity compensation vesting (GSUs) and related dividend equivalent units that mirror the underlying vesting schedule. The filing is routine, shows no disposals, and was executed via power of attorney, which is acceptable practice. There are no indications of atypical governance events or compliance issues in the disclosed entries.

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

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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^*

ARNOLD FRANCES

(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 C Capital Stock								17,387	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. 1/48th 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 will vest monthly thereafter until the GSUs are fully vested, subject to continued service on such vesting dates.

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

6. 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 such 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/ 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.
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FAQ

What transactions did ARNOLD FRANCES report on the 09/15/2025 Form 4 for GOOGL?

The Form 4 reports multiple acquisitions (A) of Google Stock Units (GSUs) and dividend equivalent units (DEUs) on 09/15/2025 tied to vesting and a cash dividend distributed that day.

How many Class C shares does the filing show ARNOLD FRANCES beneficially owns after the transactions?

The filing reports 17,387 shares of Class C capital stock beneficially owned directly following the reported transactions.

What are GSUs and DEUs as explained in the filing?

The filing states GSUs entitle the holder to receive one Class C share per GSU as it vests; DEUs are dividend equivalent units that vest on the same schedule and convert one-for-one into Class C shares upon vesting.

Was the Form 4 signed by the Reporting Person?

The signature block shows the Form 4 was signed by an attorney-in-fact (/s/ Fadillah Badar) on 09/17/2025 on behalf of the reporting person.

Does the filing show any sales or disposals of Alphabet stock by the reporting person?

No. All reported entries on this Form 4 are coded as acquisitions (A); there are no disposals reported in the filing.