Alphabet Inc.’s (NASDAQ: GOOGL) Chief Legal Officer, John Kent Walker Jr., has filed to sell 11,764 shares of Class C stock, valued at approximately $2 million.
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According to the SEC filing, “The sale, to be executed through Morgan Stanley Smith Barney, is part of a pre-arranged 10b5-1 trading plan set in May 2024.”
These plans allow corporate insiders to sell shares on a set schedule, helping them avoid allegations of trading on non-public information.
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Walker, who oversees Alphabet’s global legal and regulatory affairs and also serves as the trustee of the Arete Trust, has offloaded shares at regular intervals. In February, he sold 17,690 shares for $3.28 million, following a $3.24 million sale in December.
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