CHAVEZ R. MARTIN 4

What Happened

• Chavez R. Martin, a director of Alphabet Inc. (GOOGL), received awards reported on March 16, 2026. The Form 4 shows four "A" (award/grant) entries, each recorded as 1 share at $0.00. Footnotes indicate these awards are Class C Google Stock Units (GSUs) and dividend equivalent units (DEUs) that convert 1:1 into Alphabet Class C shares as they vest.
• The footnotes enumerate the underlying units across the grants: a total of 4,687 GSUs and 27 DEUs (4,714 units total) that will each convert to one Class C share upon vesting. No cash changed hands (reported price $0.00) because these are equity awards, not open-market purchases or sales.

Key Details

• Transaction date: March 16, 2026; reported on Form 4 filed March 18, 2026 (timely).
• Reported price: $0.00 per awarded share (award/grant).
• Underlying units (per footnotes): 4,687 GSUs + 27 DEUs = 4,714 units convertible 1:1 to Class C shares as they vest.
• Vesting: Various schedules apply per footnotes — examples include 1/48th vesting monthly (with some grants having an initial 1/4 vesting tranche), and DEUs vest on the same schedule as the associated GSUs.
• Shares owned after transaction: Not provided in the supplied data.
• Notable: DEUs represent dividend equivalents accrued (including amounts related to a dividend declared March 9, 2026 and distributed March 16, 2026) and will vest consistent with the GSUs they track.

Context

• GSUs are stock-unit awards that convert to actual shares when they vest; DEUs are dividend-equivalent units that also convert 1:1 to shares as they vest. These are compensation awards for board service rather than open-market trades — not a direct buy or sell signal.
• No options were exercised and no shares were sold in this filing; this is a standard equity-compensation grant to a board member.