Form 4: Alphabet Inc. Director John L. Hennessy Executes Stock Sale Under 10b5-1 Plan

Alphabet Inc. director John L. Hennessy sold 2,100 shares of Class C Capital Stock at $175.76 per share, according to a recent SEC filing.

Summary

• John L. Hennessy, a director at Alphabet Inc., sold 2,100 shares of Class C Capital Stock on April 26, 2024, at a price of $175.76 per share.
• The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted by the John L. Hennessy and Andrea J. Hennessy Revocable Trust on November 1, 2023.
• Following the transaction, Hennessy beneficially owns 5,891 shares of Class C Capital Stock indirectly through a trust, 33,160 shares of Class A Common Stock indirectly through a trust, and 1,214 shares of Class C Capital Stock directly.
• Hennessy also holds various Class C Google Stock Units that vest over time, with 1/48th of each grant vesting monthly.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing for a director's stock sale under a pre-arranged trading plan, which is common practice for corporate insiders to avoid accusations of trading on non-public information.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a standard practice among corporate executives and directors at publicly traded companies, including those in the technology sector like Apple, Microsoft, and Amazon.
• These plans allow insiders to sell shares at predetermined times and prices, mitigating the risk of insider trading allegations.
• The volume of shares sold by Hennessy is relatively small compared to the overall trading volume of Alphabet stock, and is not unusual for a director's planned transactions.

Stakeholder Impact

• The stock sale is unlikely to have a significant impact on shareholders, as it was a planned transaction by a director.

Key Dates

Keywords

Alphabet Inc., GOOG, John L. Hennessy, SEC Form 4, stock sale, Rule 10b5-1, insider trading, Class C Capital Stock, Class A Common Stock, Google Stock Units