Form 4: Sergey Brin Transfers Alphabet Shares to Charitable Trusts

Sergey Brin, a director and significant shareholder of Alphabet Inc., transferred a substantial amount of Class A and Class C shares to charitable remainder unitrusts.

Summary

• Sergey Brin, a director at Alphabet Inc., executed a transaction on November 26, 2024, involving the transfer of 322,800 Class A Common Stock shares.
• These shares were transferred to charitable remainder unitrusts, specifically SMB Pacific 2021 Charitable Remainder Unitrust I and II.
• The transaction also included a transfer of 322,800 Class C Capital Stock shares.
• Following the transaction, Brin directly owns 363,622,608 Class C Capital Stock shares.
• Additionally, Brin indirectly owns 172,700 Class C Capital Stock shares through each of the two charitable trusts.
• The transaction also involved Class B Common Stock, which are convertible to Class A Common Stock, with 322,800 shares transferred.
• Brin directly owns 362,421,228 Class A Common Stock shares and indirectly owns 172,700 Class A Common Stock shares through each of the two charitable trusts.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction for a major shareholder, with a positive undertone due to the philanthropic nature of the transfer. There are no negative implications for the company.

Positives

• The transfer of shares to charitable trusts indicates a philanthropic commitment by Sergey Brin.
• The transaction does not appear to reduce Brin's overall voting power due to the nature of the share classes.

Industry Context

This transaction is a routine filing for significant shareholders and directors of publicly traded companies, particularly when transferring shares for philanthropic purposes. It is not unusual for high-net-worth individuals to use charitable trusts for tax and philanthropic planning.

Comparison to Industry Standards

• Similar transactions are common among executives and major shareholders of large public companies like Alphabet, such as Meta (formerly Facebook) and Amazon, where stock transfers to charitable trusts are often part of their financial and philanthropic strategies.
• These transactions are typically disclosed via SEC Form 4 filings, which are standard practice for reporting changes in beneficial ownership.
• The scale of the transaction is significant, but not unusual for a founder and major shareholder like Sergey Brin.

Stakeholder Impact

• The transaction has a neutral impact on shareholders as it does not change the overall number of shares outstanding or Brin's voting power.
• The transfer to charitable trusts may have a positive impact on the community through the philanthropic activities of the trusts.

Key Dates

Keywords

Alphabet Inc, Sergey Brin, charitable trust, stock transfer, Class A Common Stock, Class C Capital Stock, Class B Common Stock, beneficial ownership, SEC Form 4