Alphabet Inc. (NASDAQ: GOOGL) Director Frances Arnold sold 102 shares of the company’s stock in a transaction completed on Friday, May 29th.
The shares were sold at an average price of $381.00 per share, bringing the total value of the transaction to $38,862.00.
The sale represents a 0.54% decrease in Arnold’s overall ownership stake in the company.
Following the completion of the transaction, Arnold directly retained 18,721 shares of Alphabet stock.
The remaining shareholding is valued at approximately $7,132,701 based on the sale price at the time of the transaction.
The sale was disclosed in a formal document filed with the Securities and Exchange Commission, as required under federal securities law.
Insider transactions at major publicly traded companies are closely watched by investors as potential signals of executive sentiment toward a stock’s near-term outlook.
However, insider sales do not always indicate a negative view of a company’s prospects, as executives often sell shares for personal financial planning purposes.
Alphabet remains one of the largest publicly traded technology companies in the United States by market capitalization, with its stock listed on the Nasdaq exchange.
The SEC filing providing details of Arnold’s transaction is available through the commission’s public disclosure portal for investors seeking further information.