Google's Parent Company CEO Sundar Pichai Sells Stocks Worth over $4.2 Million

TapTechNews July 4th news, the CEO of Google's parent company Alphabet, Sundar Pichai, sold some of the company's stocks, with a total value of more than 4.2 million US dollars (TapTechNews note: currently about 30.614 million yuan). This transaction was carried out on July 3, 2024, and was disclosed in the regulatory filing submitted to the US Securities and Exchange Commission (SEC).

According to the document, Pichai sold a total of 22,500 Class C capital stocks of Alphabet. These stocks were sold in two separate independent transactions, and the price range was from 185.55 US dollars to 187.59 US dollars per share. The average price of the first batch of 8,975 shares was 186.09 US dollars, and the average price of the second batch of 13,525 shares was 187.18 US dollars.

After selling the stocks, Pichai still holds a large number of Alphabet shares. The document shows that Pichai also holds 2,227,385 Class C capital stocks and 227,560 Class A common stocks. In addition, he also owns 446,786 Google Class C stock units (GSU).

It should be noted that Pichai's stock sale this time was carried out according to a pre-arranged trading plan, which is called the 10b5-1 trading plan. Pichai established this plan on August 31, 2023. Such plans allow insiders to sell stocks at a predetermined time to avoid being accused of trading by using insider information.