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Alphabet Inc., CEO, Sundar Pichai has filed to sell 32,500 shares of the company’s Class C common stock with an estimated market value of $5.95 million, according to a Form 144 submitted to the U.S. Securities and Exchange Commission.
The proposed transaction is scheduled for July 16 and will be executed through Morgan Stanley Smith Barney LLC. The shares were originally acquired through the vesting of restricted stock units granted on March 25, 2021.
The filing states that the transaction is being conducted under a Rule 10b5-1 trading plan adopted on December 2, 2024.
According to the same filing, Pichai has conducted regular stock sales over the past three months, including 32,500 shares sold on July 2, June 18, June 4, May 21, and May 7. Each of those transactions generated proceeds between $5.06 million and $5.8 million. Additional sales by the Pichai Family Foundation included 4,000 shares on each of those dates, with gross proceeds ranging from $624,606 to $714,089.
The shares to be sold on July 16 were acquired upon RSU vesting between March 2021 and March 2024. The filing confirms that Pichai was not in possession of any material non-public information as of the plan’s adoption date.