Block, Inc. — Director's Dealing 2019

Dec 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Square, Inc. (SQ)
CIK: 0001512673
Period of Report: 2019-12-16

Reporting Person: Henry Alyssa (Seller Lead)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-15	Class A Common Stock	A	1	$55.00	Acquired	404205	Direct
2019-12-16	Class A Common Stock	C	20000	$0.00	Acquired	424205	Direct
2019-12-16	Class A Common Stock	S	1300	$65.73	Disposed	422905	Direct
2019-12-16	Class A Common Stock	S	18255	$66.58	Disposed	404650	Direct
2019-12-16	Class A Common Stock	S	445	$67.20	Disposed	404205	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-16	Stock Option (right to buy)	$7.254	M	20000	Disposed	2024-05-14	Class B Common Stock (20000)	Direct
2019-12-16	Class B Common Stock	$	M	20000	Acquired		Class A Common Stock (20000)	Direct
2019-12-16	Class B Common Stock	$	C	20000	Disposed		Class A Common Stock (20000)	Direct

Footnotes

F1: This share was acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F2: Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.

F3: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F4: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.14 to $66.13 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $66.14 to $67.10 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.14 to $67.26 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: 25% of the shares subject to the option vested on May 12, 2015, and 1/48 of the shares vested monthly thereafter.

F8: Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.