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2022-02-07

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

Page sold nearly 14,000 shares of both Class A and Class C shares on Thursday, and acquired about 14

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

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The shares were sold at a weighted average price of $2.920.53, according to a MarketWatch calculation, to raise $40.56 million.</p><p>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.</p><p>The company said all the trades were part of a prearranged Rule 10b5-1 trading plan adopted by Page.</p><p>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&#39;s fourth-quarter report, in which profit and revenue were well above expectations, and the announcement of a 20-for-1 stock split.</p><p>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.</p><p>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&amp;P 500 index  has declined 4.2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4506":"内地教育股","GOOGL":"谷歌A","BK4503":"景林资产持仓","BK4552":"Archegos爆仓风波概念","GOOG":"谷歌","BK4531":"中概回港概念","BK4204":"教育服务","BK4510":"在线教育"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2209595375","content_text":"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%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}