Summary by Moomoo AI
Alphabet Inc. affiliate MDC TRUST I is set to sell 118,135 Class C common shares of the tech giant, with an aggregate market value of approximately $16.24 million, on February 28, 2024. These shares were originally acquired as a gift from Alphabet co-founder Sergey Brin on May 25, 2006. The upcoming sale follows a pattern of significant transactions by the affiliate, which has sold a total of 236,270 shares for gross proceeds of over $32.88 million in the past three months.