Google Inc. co-founders Larry Page and Sergey Brin seem to be planning to offload around 5 million shares of the Internet search giant according to a regulatory filing. Under the trading plan, the co-founders would reduce their combined holdings in Google to 47.7 million common shares, which is roughly 15% of the company, according to the U.S. Securities and Exchange filing. Larry & Sergei’s combined voting shares would therefore fall from 59% to about 48%.
A Google spokesperson said Mr. Page, who serves as president overseeing products, and Mr. Brin, who is president overseeing technology, are “both as committed as ever to Google and are integrally involved in our day-to-day management and product strategy. The majority of their net worth remains with Google.”