Alphabet launches up to $40B at-the-market equity offering of Class A and Class C shares

Filed June 2, 2026 · ~1 min read

Key Changes

• high

  Alphabet may sell up to $40 billion of Class A Common Stock and Class C Capital Stock over time through an at-the-market distribution agreement with managers, with sales beginning after Q2 2026 earnings or 60 days from June 2, 2026, whichever comes first.

  The Offering verify on EDGAR →
• high

  Larry Page and Sergey Brin control 52.7% of voting power through 89.4% ownership of Class B shares, which carry 10 votes per share versus one vote for Class A and zero votes for Class C shares.

  Risk Factors verify on EDGAR →
• medium

  Net proceeds will be used for general corporate purposes, including potential debt refinancing; no proceeds from any selling security holders.

  Use of Proceeds verify on EDGAR →