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Block, Inc. — Director's Dealing 2023
Feb 17, 2023
30034_dirs_2023-02-17_00ecacb9-86d3-4ff8-b4c9-cb33cbd3f577.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Block, Inc. (SQ)
CIK: 0001512673
Period of Report: 2023-02-16
Reporting Person: Esperanza Chrysty (Interim Counsel Lead)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 42154 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $3.663 | 2023-10-30 | Class B Common Stock (3150) | Direct | |
| Stock Option (Right to Buy) | $13.94 | 2025-06-16 | Class B Common Stock (20000) | Direct | |
| Stock Option (Right to Buy) | $13.94 | 2025-06-16 | Class B Common Stock (14415) | Direct | |
| Stock Option (Right to Buy) | $71.99 | 2029-04-23 | Class A Common Stock (5513) | Direct |
Footnotes
F1: Represents 24,107 shares of the Issuer's Class A Common Stock owned and 18,047 shares represented by unvested Restricted Stock Units (RSUs).
F2: 207 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 3,308 RSUs, 1/16 of the RSUs vested on July 1, 2019 and 1/16 of the total RSUs vest every three months thereafter.
F3: 5,650 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 15,066 RSUs, 1/16 of the RSUs vested on July 1, 2020 and 1/16 of the total RSUs vest every three months thereafter.
F4: 1,944 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 3,455 RSUs, 1/16 of the RSUs vested on July 1, 2021 and 1/16 of the total RSUs vest every three months thereafter.
F5: 10,246 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 12,610 RSUs, 1/16 of the RSUs vested on July 1, 2022 and 1/16 of the total RSUs vest every three months thereafter.
F6: All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F7: Each share of Class B Common Stock is convertible into one share of Class A Common Stock a the option of the holder.
F8: This option, originally for 8,269 shares, of which 2,756 shares have been exercised, vested as to 1/48th of the shares on May 1, 2019 and 1/48 of the shares vest monthly thereafter.