Company: GOOGL
Filing Date: 2025-04-30
Form Type: 424B2
Source: 0001193125-25-107005
Chunk: 13

Company: Alphabet Inc.
Filing Date: 2025-04-30
Form: 424B2
Chunk 13
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 which will represent finance lease obligations. As of March 31, 2025, the
notes would have been structurally subordinated to such existing third-party debt. If our subsidiaries were to incur additional debt or liabilities or to issue equity interests that have priority over our interests in our subsidiaries, our ability
to pay our obligations on the notes could be adversely affected.

In addition, any payment of dividends, loans or advances by our subsidiaries could be
subject to statutory or contractual restrictions. Payments to us by our subsidiaries will also be contingent upon the subsidiaries’ earnings and business considerations. Our right to receive any assets of any of our subsidiaries upon their
bankruptcy, liquidation or reorganization, and therefore the right of the holders of the notes to participate in those assets, will be effectively subordinated to the claims of that subsidiary’s creditors, including trade creditors. In
addition, even if we are a creditor of any of our subsidiaries, our rights as a creditor would be subordinate to any security interest in the assets of our subsidiaries and any indebtedness of our subsidiaries senior to that held by us.

S-7

The terms of the indenture and the notes provide only limited protection against significant corporate events and other actions we may take that could adversely impact your investment in the notes. While the indenture and the notes contain terms intended to provide protection to the holders of the notes upon the occurrence of certain events involving significant corporate transactions, such terms are limited and may not be sufficient to protect your investment in the notes. The indenture for the notes does not:

| • |     | require us to maintain any financial ratios or specific levels of net worth, revenues, income, cash flow or 
 liquidity;                                                                                                  |

| • |     | limit our ability to incur indebtedness that is secured, senior to or equal in right of payment to the notes, or 
 to engage in sale/leaseback transactions;                                                                        |

| • |     | restrict our subsidiaries’ ability to issue securities or otherwise incur indebtedness that would be senior 
 to our equity interests in our subsidiaries and therefore rank effectively senior to the notes;             |

| • |     | restrict our ability to repurchase or prepay any other of our securities or other indebtedness; |

| • |     | restrict our ability to make investments or to repurchase or pay dividends or make other payments in respect of 
 our common stock, capital stock or other securities ranking junior to the notes;                                |

| • |     | restrict our ability to enter into highly leveraged