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Google Co-founder Larry Page Sold More Than $80 Million Worth of Stock

Dow Jones2022-02-07

Page sold nearly 14,000 shares of both Class A and Class C shares on Thursday, and acquired about 14,000 Class A shares for Google parent Alphabet Inc. disclosed that Larry Page, co-founder and current board member, has sold more than $80 million worth of shares, a couple of days after the stock shot up on the back of a blowout earnings report and stock-split announcement.

Both the Class C shares and more-active Class A shares rose 0.4% in premarket trading.

In filings with the Securities and Exchange Commission after Friday's closing bell, the internet search giant said Page sold 13,889 Class C shares $(GOOGL)$ on Feb. 3 in the open market. The shares were sold at a weighted average price of $2.920.53, according to a MarketWatch calculation, to raise $40.56 million.

On the same day, Page acquired 13,889 Class A shares (GOOGL) through the conversion of derivative securities at a price of $0. At the same time, he sold in the open market 13,889 Class A shares at a weighted average price of $2,926.36 to raise $40.64 million.

The company said all the trades were part of a prearranged Rule 10b5-1 trading plan adopted by Page.

The trades were made a day after the Class C shares shot up 7.4% and the more-active Class A shares ran up 7.5% on Feb. 2, in the wake of Alphabet's fourth-quarter report, in which profit and revenue were well above expectations, and the announcement of a 20-for-1 stock split.

On Feb. 3, the Class C shares fell 3.6% to close at $2,853.01, or 2.3% below the weighted average price of the sales, while the Class A shares shed 3.3% to $2,861.80, or 2.2% below the weighted average price of the sales.

The Class C shares have slid 4.2% over the past three months through Friday and the Class A shares have lost 3.7%, while the S&P 500 index has declined 4.2%.

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Comment21

  • 我发大财了
    ·2022-02-08
    👍🏼 time to buy! [Allin] [Allin] [Allin] [Allin] 
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  • okkar
    ·2022-02-08
    💰
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  • dw321
    ·2022-02-08
    Sell
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  • sansCervelle
    ·2022-02-07
    buy?
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  • 喜慶吉祥好運
    ·2022-02-07
    🧐🤔
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  • OJC
    ·2022-02-07
    Ok
    Reply
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  • yattreblif
    ·2022-02-07
    Ok
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  • Megaverse
    ·2022-02-07
    👌🏼 yea 
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  • gifftake
    ·2022-02-07
    Wow, this is impt!
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  • Derrick0359
    ·2022-02-07
    Pls comment 
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  • AnT
    ·2022-02-07
    Like
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  • Justin8991
    ·2022-02-07
    Ok
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  • ClickLike
    ·2022-02-07
    Buy buy buy
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  • Kiattt
    ·2022-02-07
    Like
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  • manekineko
    ·2022-02-07
    Ok
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    Fold Replies
    • Kiattt
      K
      2022-02-07
      Reply
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  • SSSG
    ·2022-02-07
    Noted
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  • LeeJC
    ·2022-02-07
    New
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  • IZzz
    ·2022-02-07
    K
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  • wallence82
    ·2022-02-07
    It's time to buy
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  • Delfort
    ·2022-02-07
    wow
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