Proposal Asks Alphabet to Report on Data Risks from "Governmental Overreach," but Names Just One Government Contract: Israel's Project Nimbus

Alphabet's Board of Directors and Independent Proxy Advisory Firms ISS and Glass Lewis Also Recommend that Shareholders Vote AGAINST Proposal 11

JLens, a Registered Investment Advisor that empowers investors to align their capital with Jewish values, along with ADL (the Anti-Defamation League), urge shareholders of Alphabet Inc. (NASDAQ:GOOG) ("Alphabet" or the "Company") to vote AGAINST Proposal 11 at Alphabet's annual meeting on June 5, 2026.

Although Proposal 11 is framed as a broad data-privacy review, the only government contract it names is Alphabet's cloud agreement with the Israeli government, Project Nimbus. It raises no comparable concern about any other government Alphabet serves. JLens and ADL believe this selective focus mirrors the structural approach of the Boycott, Divestment and Sanctions ("BDS") movement.

The Board of Directors of Alphabet (the "Board") has recommended that the Company's shareholders vote AGAINST Proposal 11. Leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have also recommended that Alphabet shareholders vote AGAINST Proposal 11.

ADL and JLens believe that Proposal 11 mischaracterizes Project Nimbus by portraying it primarily as a military initiative, while giving minimal weight to its broad civilian applications. At the same time, Proposal 11 does not meaningfully address Israel's need for modern cloud and AI technologies, especially in the wake of the October 7, 2023 terror attacks.

A substantially similar proposal received only about 4.5% support from Alphabet shareholders in 2025. Consistent with that result, JLens and ADL urge shareholders to vote AGAINST Proposal 11, which would introduce risk without meaningfully strengthening Alphabet's governance.

JLens and ADL have filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission further describing their opposition to Proposal 11.