[Form 4] Alphabet Inc. Insider Trading Activity

Rhea-AI Filing Summary

Philipp Schindler, SVP and Chief Business Officer of Alphabet Inc. (GOOGL), reported changes in his beneficial ownership on 09/15/2025. The filing shows acquisitions of Class C Google Stock Units (GSUs) in connection with dividend equivalents (DEUs) that accrued and were distributed on September 15, 2025. The Form 4 lists three GSU-related acquisitions that increase reported holdings to 36,284, 72,932, and 114,985 GSUs respectively, and also reports beneficial ownership of 728,937 shares of Class C capital stock. The filing includes detailed vesting schedules for the GSUs and notes that DEUs vest on the same schedule as the underlying GSUs.

Positive

• Increased reported equity holdings via dividend equivalent units and GSUs recorded on 09/15/2025
• Clear vesting schedules disclosed for the GSUs and DEUs, including specific vesting dates and cadence
• Detailed explanation that DEUs vest on the same schedule as the underlying GSUs

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider accruals and vesting activity increased reported GSU holdings; no cash trades or dispositions reported.

The Form 4 documents dividend-equivalent units credited to an executive's outstanding equity awards and subsequent increases in beneficially reported GSUs on 09/15/2025. These are non-cash accruals tied to a declared cash dividend and follow predefined vesting schedules. The filing does not show any open-market purchases or sales of underlying shares, only award-related accruals and existing direct holdings of Class C capital stock. For investors, this is a non-transactional ownership update reflecting compensation mechanics rather than directional trading by management.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard executive compensation reporting; vesting schedules and DEU treatment are clearly disclosed.

The report provides required transparency on grant-related equity accruals and vesting schedules for a senior officer. It specifies how DEUs convert into Class C shares upon vesting and enumerates the vesting cadence across multiple grants. This level of detail supports governance best practices for disclosure of executive equity compensation and does not indicate unexpected amendments or departures from standard award terms.

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^*

Schindler Philipp

(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)
	SVP, Chief Business 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		30(2)	A	$0	36,284(3)	D
Class C Google Stock Units(4)	09/15/2025		A		61(2)	A	$0	72,932(5)	D
Class C Google Stock Units(6)	09/15/2025		A		96(2)	A	$0	114,985(7)	D
Class C Capital Stock								728,937	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 GSU grant vested on June 25, 2023 and an additional 1/12th of the grant vests quarterly thereafter until 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 239 DEUs and 36,045 GSUs.

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

5. Consists of 480 DEUs and 72,452 GSUs.

6. The GSUs will vest as follows: (i) 1/10th of the grant will vest on each March 25, 2025, June 25, 2025, September 25, 2025 and December 25, 2025; and (ii) 3/40th 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 369 DEUs and 114,616 GSUs.

	/s/ Kenneth Yi, as Attorney-in-Fact for Philipp Schindler	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).
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 did Philipp Schindler report on Form 4 for GOOGL on 09/15/2025?

He reported acquisitions of Class C Google Stock Units and dividend equivalent units (DEUs) that accrued and were distributed on September 15, 2025, increasing certain GSU holdings and showing beneficial ownership of 728,937 shares of Class C capital stock.

Do the reported transactions involve open-market purchases or sales?

No. The filing reports award-related accruals (GSUs and DEUs) and does not show any open-market purchases or sales of Alphabet shares.

How do the dividend equivalent units (DEUs) work for these GSUs?

The DEUs accrued on the Reporting Person's GSUs in connection with the cash dividend declared and distributed on September 15, 2025; each DEU entitles the holder to one share of Class C capital stock upon vesting and the DEUs vest on the same schedule as the underlying GSUs.

What are the vesting schedules disclosed in the filing?

The filing discloses multiple vesting cadences: one grant had 1/6th vested on June 25, 2023 with subsequent 1/12th quarterly vesting; another had 1/6th vested June 25, 2024 with 1/12th on September 25, 2024 and quarterly thereafter; another grant vests in specified fractions on March/June/September/December 25, 2025 and then quarterly or on first-of-month dates through January 1, 2028.

How many GSUs and DEUs are referenced in the explanations?

The explanations reference specific totals per entry: one entry consists of 239 DEUs and 36,045 GSUs, another of 480 DEUs and 72,452 GSUs, and another of 369 DEUs and 114,616 GSUs.