Brief by Shorts91NewsDesk / 04:37am on 08 Apr 2025,Tuesday Business
Google CEO Sundar Pichai sold approximately $5.15 million worth of Alphabet's Class C stock on April 2, 2025, under a pre-arranged Rule 10b5-1 Trading Plan adopted on December 2, 2024. The shares were sold at prices between $157.23 and $159.97 each. Following this transaction, Pichai retains direct ownership of 2,717,696 Class C shares, along with 227,560 shares of Class A Common Stock and 224,169 Class C Google Stock Units set to vest over time. Despite a roughly 20% decline in Alphabet's stock value year-to-date amid broader tech sector pressures, analysts remain optimistic about the company's future, citing its strong financial health and strategic investments in AI. (PC: BBC)
