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Block, Inc. — Director's Dealing 2020
May 19, 2020
30034_dirs_2020-05-19_1fe4a3ac-ea6a-4508-ba73-dab44e4752cb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Square, Inc. (SQ)
CIK: 0001512673
Period of Report: 2020-05-15
Reporting Person: BOTHA ROELOF (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-05-15 | Class A Common Stock | C | 3474777 | $0.00 | Acquired | 3474777 | Indirect |
| 2020-05-15 | Class A Common Stock | C | 380232 | $0.00 | Acquired | 380232 | Indirect |
| 2020-05-15 | Class A Common Stock | C | 77067 | $0.00 | Acquired | 77067 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 3474777 | $0.00 | Disposed | 0 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 380232 | $0.00 | Disposed | 0 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 77067 | $0.00 | Disposed | 0 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 224994 | $0.00 | Disposed | 0 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 210117 | $0.00 | Disposed | 2742 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 8732 | $0.00 | Disposed | 113 | Indirect |
| 2020-05-15 | Class A Common Stock | J | 155886 | $0.00 | Acquired | 684741 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-15 | Class B Common Stock | $ | C | 3474777 | Disposed | Class A Common Stock (3474777) | Indirect | |
| 2020-05-15 | Class B Common Stock | $ | C | 380232 | Disposed | Class A Common Stock (380232) | Indirect | |
| 2020-05-15 | Class B Common Stock | $ | C | 77067 | Disposed | Class A Common Stock (77067) | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 8161 | Direct |
Footnotes
F1: SC US (TTGP), Ltd. is the sole general partner of SC U.S. Venture 2010 Management, L.P., which is the sole general partner of each of Sequoia Capital U.S. Venture 2010 Fund, LP, Sequoia Capital U.S. Venture 2010 Partners Fund, LP, Sequoia Capital U.S. Venture 2010 Partners Fund (Q), LP and Sequoia Capital U.S. Venture 2010-Seed Fund, L.P., or collectively, the Venture 2010 Funds. The Reporting Person is a Director of SC US (TTGP), Ltd. The Reporting Person disclaims beneficial ownership of the securities held by the Venture 2010 Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F2: Represents a distribution of Class A Common Stock of the Issuer to partners or members and includes subsequent distributions by general partners or managing members to their respective partners or members.
F3: The total includes 2,742 shares held in escrow due to pending claims.
F4: SC US (TTGP), Ltd. is the general partner of SCGF IV Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund IV, L.P. and Sequoia Capital USGF Principals Fund IV, L.P., or collectively, the SC GFIV Funds. The Reporting Person is a Director of SC US (TTGP), Ltd. The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5: The total includes 113 shares held in escrow due to pending claims.
F6: Represents the receipt of shares of Class A Common Stock of the Issuer by virtue of the pro rata in-kind distributions described in footnote (2) above.
F7: 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.