Block, Inc. — Director's Dealing 2020

Nov 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Square, Inc. (SQ)
CIK: 0001512673
Period of Report: 2020-11-09

Reporting Person: VINIAR DAVID A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-09	Class A Common Stock	C	100000	$0.00	Acquired	171630	Direct
2020-11-09	Class A Common Stock	S	700	$182.81	Disposed	170930	Direct
2020-11-09	Class A Common Stock	S	300	$183.96	Disposed	170630	Direct
2020-11-09	Class A Common Stock	S	7063	$185.09	Disposed	163567	Direct
2020-11-09	Class A Common Stock	S	13639	$186.20	Disposed	149928	Direct
2020-11-09	Class A Common Stock	S	14591	$187.09	Disposed	135337	Direct
2020-11-09	Class A Common Stock	S	15922	$188.08	Disposed	119415	Direct
2020-11-09	Class A Common Stock	S	10300	$188.93	Disposed	109115	Direct
2020-11-09	Class A Common Stock	S	6527	$190.07	Disposed	102588	Direct
2020-11-09	Class A Common Stock	S	6198	$191.03	Disposed	96390	Direct
2020-11-09	Class A Common Stock	S	7900	$192.16	Disposed	88490	Direct
2020-11-09	Class A Common Stock	S	8610	$193.23	Disposed	79880	Direct
2020-11-09	Class A Common Stock	S	6450	$194.14	Disposed	73430	Direct
2020-11-09	Class A Common Stock	S	1700	$195.28	Disposed	71730	Direct
2020-11-09	Class A Common Stock	S	100	$195.84	Disposed	71630	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-09	Stock Option (right to buy)	$3.663	M	100000	Disposed	2023-10-30	Class B Common Stock (100000)	Direct
2020-11-09	Class B Common Stock	$	M	100000	Acquired		Class A Common Stock (100000)	Direct
2020-11-09	Class B Common Stock	$	C	100000	Disposed		Class A Common Stock (100000)	Direct

Footnotes

F1: Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.

F2: The exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $182.51 to $183.47 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.

F4: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $183.55 to $184.47 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 $184.56 to $185.54 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 $185.56 to $186.55 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: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $186.56 to $187.55 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.

F8: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $187.56 to $188.55 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.

F9: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $188.56 to $189.54 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.

F10: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $189.64 to $190.62 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.

F11: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $190.68 to $191.57 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.

F12: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $191.69 to $192.66 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.

F13: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $192.70 to $193.66 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.

F14: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $193.70 to $194.65 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.

F15: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $194.73 to $195.71 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.

F16: 25% of the shares subject to the option vested on October 30, 2014, and 1/48 of the shares vested monthly thereafter.

F17: 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.