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Alphabet Inc. (NASDAQ: GOOGL) CEO Sundar Pichai filed a notice with the U.S. Securities and Exchange Commission on June 18, outlining his intention to sell 32,500 shares of the company’s Class C common stock.
The transaction, processed through Morgan Stanley Smith Barney LLC, carried an estimated market value of nearly $5.76 million on the day of filing.
This proposed sale falls under the parameters of Rule 144, which permits company insiders to sell restricted or control securities under certain conditions. According to the filing, the shares stemmed from restricted stock units awarded on January 12, 2022. Pichai’s filing specifies that these shares were acquired through standard equity compensation, without any purchase cost from his side.
The filing comes amid a series of regular stock sales by Pichai and the Pichai Family Foundation over the past three months, all carried out under a Rule 10b5-1 trading plan adopted on December 2, 2024. Between April and June this year, Pichai personally sold 130,000 shares across four separate dates. The proceeds from those sales totaled approximately $21.78 million. The Pichai Family Foundation also sold 20,000 shares during the same period, realizing close to $3.24 million.
The company reported 5.46 billion shares of Class C stock outstanding at the time of filing, indicating Pichai’s trades represent only a fraction of total share volume. Each transaction took place on the NASDAQ exchange, where Alphabet stock is publicly traded.
The filing confirms that Pichai does not possess any material non-public information regarding Alphabet’s operations, a standard legal declaration required under Rule 144 and Rule 10b5-1 protocols.