Google Co-founder Sergey Brin Sold Company Stock As It Tumbled Early This Week

Google Inc. Co-Founder Sergey Brin disclosed in a regulatory filing Thursday that he sold 33,332 shares of the Internet giant's Class A common stock as prices fell to near six-week lows. Brin sold 16,666 shares on Monday in multiple transactions, at prices ranging from $619.39 down to $593.95, and another 16,666 shares on Monday, at prices ranging from $615.15 to $646.55, according to the filings. The Class A shares fell as much as 7.9% to an intraday low of $593.09 on Monday before bouncing to close down 4% at $618.11. On Tuesday, the stock rose as much as 4.7% on Aug. 25 to an intraday high of $647 before reversing course to close down 0.9% at a 5 1/2-week low of $612.47. A filing shows Brin also sold 13,907 Class C shares on Monday and 16,666 shares on Tuesday. Prior to the sales, the filings show Brin received a total of 240,000 Class A and Class C shares, coded by the Securities and Exchange Commission as a "bona fide gift," between Aug. 6 and Aug. 20. Class A shares carry one vote, while Class C have no voting rights. Class B shares carry 10 votes, and are not publicly traded. Brin's holdings of Class B shares was not disclosed.