ARNOLD FRANCES 4

What Happened
Arnold Frances, a director of Alphabet Inc. (GOOGL), was granted 980 Google Stock Units (GSUs) on July 1, 2026. The filing reports an award/acquisition at $0.00, so no cash was paid; the reported aggregate value is $0. GSUs are a form of equity grant that convert to one share of Alphabet Class C capital stock for each GSU as the units vest.

Key Details

• Transaction date: 2026-07-01; reported on Form 4 filed 2026-07-06 (filed 5 days after the transaction). This appears to be a late filing relative to the 2-business-day Form 4 rule.
• Grant: 980 GSUs awarded; reported acquisition price $0.00; aggregate reported value $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes of note:
  • F1: Each GSU converts to one Class C share as it vests.
  • F2: This is an Annual Director Grant.
  • F3–F5: GSUs vest monthly in 1/48 increments over multi-year schedules (monthly vesting dates include the 25th of the grant month and/or the 1st of subsequent months), subject to continued service on the Board.
• Transaction code: A = Award/Grant.

Context
GSU awards to directors are common as compensation and do not represent an open-market purchase (not necessarily a bullish signal). These units are derivative awards that only become actual shares as they vest according to the schedules noted; vesting is contingent on continued board service. The late filing reduces near-term transparency but does not change the nature of the award.