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

Alphabet Inc. director John L. Hennessy sold a total of 300 shares of Class C Capital Stock on March 12, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• John L. Hennessy, a director at Alphabet Inc., sold 15 shares of Class C Capital Stock at $138.23 and 285 shares at a weighted average price of $139.5764 on March 12, 2024.
• These transactions were executed under a Rule 10b5-1 trading plan adopted by the John L. Hennessy and Andrea J. Hennessy Revocable Trust on November 1, 2023.
• Following these sales, Hennessy still indirectly owns 9,576 shares of Class C Capital Stock, 9,291 shares of Class C Capital Stock, and 33,160 shares of Class A Common Stock through a trust.
• Hennessy also holds various Class C Google Stock Units (GSUs) that vest over time, with 600, 1,340, 2,600, and 3,382 units vesting on a monthly basis.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock sales by a director under a pre-arranged trading plan. It does not indicate any significant positive or negative sentiment.

Risks

• The sale of shares by a director could be perceived negatively by some investors, although it was done under a pre-arranged trading plan.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a routine filing related to insider trading activity and is common for directors of publicly traded companies. The use of a 10b5-1 trading plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives and directors at publicly traded companies, including those in the technology sector like Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
• 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 Inc. stock, and is not unusual for a director's trading activity.

Stakeholder Impact

• The stock sales are unlikely to have a significant impact on shareholders, employees, customers, or suppliers due to the small volume and pre-planned nature of the transactions.

Key Dates

Keywords

Alphabet Inc, John L. Hennessy, Class C Capital Stock, Rule 10b5-1, insider trading, stock sale, director, Google Stock Units, GOOG