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.

"Proposal 11 is part of a familiar pattern. Alphabet provides cloud services to governments around the world, including the most sensitive U.S. defense and intelligence systems, yet this proposal reserves its one named government contract for Israel‘s Project Nimbus. Singling out a single government customer, with no clear rationale for that choice, is not governance. It is a double standard, and double standards applied to Israel are among the defining features of antisemitism in our time," said Jonathan A. Greenblatt, CEO and National Director of ADL.

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.

"Google Cloud's government and defense customers buy on trust and neutrality. They need confidence that a signed contract won't be reopened to outside political pressure. When that confidence erodes, sovereign and defense customers may wonder whether their relationship is next, and that risks delayed awards, weaker renewals, and lost revenue. We urge shareholders to follow the recommendation of the Board, ISS, and Glass Lewis and vote against the proposal," said Ari Hoffnung, Managing Director of JLens.

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.

About ADL

ADL is the leading anti-hate organization in the world. Founded in 1913 to protect the Jewish people, ADL works to stop the defamation of the Jewish people and secure justice and fair treatment to all. In the face of rising antisemitism and extremism, we protect, advocate, and educate, through a mix of programs and services using the latest innovations and technology, and seek to create a world without hate. More at www.adl.org.

About JLens

Founded in 2012, JLens is a 501(c)(3) nonprofit and Registered Investment Advisor that empowers investors to align their capital with Jewish values and advocates for Jewish communal priorities in the corporate arena. JLens' Jewish Investor Network is composed of 40 Jewish institutions, representing $15 billion in communal capital. In 2022, JLens established an affiliation with ADL (the Anti-Defamation League), the leading anti-hate organization in the world. More at www.jlensnetwork.org.

PLEASE NOTE: THIS IS NOT A PROXY SOLICITATION AND NO PROXY CARDS WILL BE ACCEPTED. JLens and ADL are not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card. JLens and ADL have filed a Notice of Exempt Solicitation with the U.S. Securities and Exchange Commission pursuant to Rule 14a-6(g).

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601585587/en/

Media Contacts:

JLens

Dukas Linden Public Relations

JLens@dlpr.com

ADL

Jessica Cohen (929) 618-6393

adlmedia@adl.org

ADL and JLens Urge Shareholders of Alphabet Inc. to Vote AGAINST Proposal 11