Form 4: Alphabet Inc. Director John L. Hennessy Sells Shares Under 10b5-1 Trading Plan

Alphabet Inc. director John L. Hennessy sold a portion of his Class A common stock and Class C capital stock through a pre-arranged 10b5-1 trading plan.

Summary

• John L. Hennessy, a director at Alphabet Inc., sold shares of Class A common stock and Class C capital stock.
• The sales were executed on November 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.
• The Class A common stock was sold in multiple transactions at weighted average prices ranging from $179.7965 to $182.0302.
• A total of 419 Class A shares were sold at an average price of $179.7965, 465 shares at $180.5905, 522 shares at $181.4265 and 94 shares at $182.0302.
• The sales were made indirectly through the John L. Hennessy and Andrea J. Hennessy Revocable Trust.
• Hennessy also has indirect beneficial ownership of Class C Capital Stock and Google Stock Units (GSUs) which vest over time.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook. It is a neutral event.

Industry Context

This is a routine filing for a director selling shares under a pre-arranged trading plan, which is a common practice among corporate insiders to avoid accusations of trading on non-public information. It is not unusual for directors to sell shares for personal financial management.

Comparison to Industry Standards

• Sales by insiders under 10b5-1 plans are a common practice across publicly traded companies, including technology companies like Apple, Microsoft, and Amazon.
• The reported prices are within the typical trading range for Alphabet stock, and the volume of shares sold is not unusual for a director's transactions.
• Similar filings can be seen from other directors and officers at comparable companies, indicating standard practice.

Stakeholder Impact

• The stock sales by a director may have a minor impact on shareholder sentiment, but the pre-arranged nature of the sales mitigates any significant negative perception.
• The sales do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Alphabet Inc, John L. Hennessy, insider trading, Form 4, stock sale, Rule 10b5-1, Class A common stock, Class C capital stock, Google Stock Units, director