Company: GOOGL
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001193125-25-261740
Chunk: 25

Company: Alphabet Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 25
---
, initially, Compounded SOFR, as such term is defined above; provided that if we or our designee (which may be the Calculation
Agent only if the Calculation Agent consents to such appointment, a successor calculation agent, an independent financial advisor or any other designee of ours) determines on or prior to the Reference Time that a Benchmark Transition Event and its
related Benchmark Replacement Date

S-16

have occurred with respect to Compounded SOFR (or the published daily SOFR or SOFR Index used in the calculation thereof) or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement. “Benchmark Replacement” means the first alternative set forth in the order below that can be determined by us or our designee as of the Benchmark Replacement Date:

| (1) | the sum of: (a) the alternate rate of interest that has been selected or recommended by the Relevant              
 Governmental Body as the replacement for the then-current Benchmark and (b) the Benchmark Replacement Adjustment; |

| (2) | the sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; or |

| (3) | the sum of: (a) the alternate rate of interest that has been selected by us or our designee as the                                                                                                                                               
 replacement for the then-current Benchmark giving due consideration to any industry-accepted rate of interest as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes at such time and (b) the Benchmark 
 Replacement Adjustment.                                                                                                                                                                                                                          |

“Benchmark Replacement Adjustment” means the first alternative set forth in the order below that can be determined by us or our designee as of the Benchmark Replacement Date:

| (1) | the spread adjustment (which may be a positive or negative value or zero), or method for calculating or                                                          
 determining such spread adjustment, that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement; |

| (2) | if the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, the ISDA Fallback 
 Adjustment; or                                                                                                |

| (3) | the spread adjustment (which may be a positive or negative value or zero) that has been selected by us or our                                                                                                                                             
 designee giving due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for 
 U.S. dollar- den