SCHEDULE 13G/A: Eric Schmidt and Affiliated Entities Disclose Significant Alphabet Stock Holdings in Latest SEC Filing

Former Google CEO Eric Schmidt and related entities have filed an updated Schedule 13G, detailing their beneficial ownership of Alphabet Inc.'s Class A and Class B common stock as of December 31, 2024.

Summary

• Eric E. Schmidt, individually and through affiliated entities, beneficially owns an aggregate of 56,921,959 shares of Alphabet Inc. Class A Common Stock equivalent.
• This aggregate ownership represents 0.97% of the outstanding Class A Common Stock, assuming the conversion of Class B shares into Class A shares.
• Mr. Schmidt also beneficially owns 5.52% of the outstanding Class B Common Stock on an unconverted basis.
• His sole voting and dispositive power covers 467,507 shares of Class A Common Stock.
• Shared voting and dispositive power covers 56,454,452 shares of Class A Common Stock, held through various trusts and entities.
• Key entities contributing to the shared ownership include The Schmidt Family Living Trust (42,053,405 Class B shares), Schmidt Investments, L.P. (5,416,500 Class B shares), The Schmidt Family Foundation (2,511,602 Class A shares), and The Eric and Wendy Schmidt Fund for Strategic Innovation (2,830,845 Class A shares).
• Other entities with shared ownership include Schmidt Ocean Institute (27,100 Class A shares), Special Strategies, LLC (70,000 Class A shares), Special Strategies II, LLC (1,860,000 Class A shares), Hillspire Holdings, LLC (405,000 Class A shares), and Big Hen Group I, LLC (1,280,000 Class A shares).
• The Schmidt Family Living Trust, as a separate reporting person, beneficially owns 47,469,905 shares of Class A Common Stock equivalent, representing 0.81% of Class A and 5.52% of Class B (unconverted).

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would typically influence sentiment positively or negatively beyond routine compliance.

Positives

• The continued significant beneficial ownership by Eric Schmidt, a key figure in Google's history, and his affiliated entities, demonstrates a sustained alignment of interests with Alphabet Inc.'s long-term success.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• The continued significant beneficial ownership by Eric Schmidt and his affiliated entities may be viewed by shareholders as a sign of long-term commitment and alignment of interests with the company's success.

Key Dates

Keywords

Alphabet Inc., GOOGL, GOOG, Eric Schmidt, beneficial ownership, Schedule 13G, Class A Common Stock, Class B Common Stock, SEC filing, institutional ownership, trusts, foundations