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Block, Inc. — Director's Dealing 2023
Jun 15, 2023
30034_rns_2023-06-15_9128418e-5f94-49d8-8038-56ed13ab931a.pdf
Director's Dealing
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6/15/23, 3:46 PM
SEC FORM 4
SEC Form 4
FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
OMB APPROVAL
Washington, D.C. 20549
OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
| 1. Name and Address of Reporting Meeker Mary G |
1. Name and Address of Reporting Meeker Mary G |
1. Name and Address of Reporting Meeker Mary G |
Person* | 2. Issuer NameandTicker or Trading Symbol Block, Inc. [ SQ] |
2. Issuer NameandTicker or Trading Symbol Block, Inc. [ SQ] |
2. Issuer NameandTicker or Trading Symbol Block, Inc. [ SQ] |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner |
|---|---|---|---|---|---|---|---|---|---|
| (Last) | (First) | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 06/13/2023 |
Officer (give title below) Other (specify below) |
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| 1955 BROADWAY | 4. If Amendment, Date | of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable | ||||||
| SUITE 600 | Line) | ||||||||
| X | Form filed by One Reporting Person | ||||||||
| (Street) | Form filed by More than One Reporting Person |
||||||||
| OAKLAND | CA | 94612 | |||||||
| Rule 10b5-1(c) Transaction Indication | |||||||||
| (City) | (State) | (Zip) | Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to | ||||||
| satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction | 10. |
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
| 1. Title of Security (Instr. 3) | 2. Transaction | 2A. Deemed | 3. | 4. Securities Acquired | 4. Securities Acquired | (A) or | (A) or | 5. Amount of | 5. Amount of | 6. Ownership | 6. Ownership | 7. Nature of | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | Execution Date, | Transaction | Disposed Of (D) (Instr. | 3, | 4 | Securities | Form: | Direct | Indirect | ||||
| (Month/Day/Year) if any |
Code | (Instr. | and 5) | Beneficially | (D) or | Beneficial | |||||||
| (Month/Day/Year) | 8) | Owned | Indirect (I) | Ownership | |||||||||
| Following | (Instr. | 4) | (Instr. 4) | ||||||||||
| Code | V | Amount | (A) or (D) |
Price | Reported Transaction(s) (Instr. 3 and 4) |
||||||||
| Class A Common Stock | 06/13/2023 | A | 3,815 (1) |
A | $ 0.00 | 410,482 | D | ||||||
| Class A Common Stock | 5,817 | I | See Footnote (2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
| 1. Title of | 2. | 3. Transaction | 3A. Deemed | 4. | 5. | 6. Date Exercisable and | 6. Date Exercisable and | 7. Title and | 8. Price of | 9. Number of | 10. | 11. Nature | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Derivative | Conversion | Date | Execution Date, | Transaction | Number | Expiration Date | Amount of | Derivative | derivative | Ownership | of Indirect | |||
| Security | or Exercise | (Month/Day/Year) | if any | Code | (Instr. | of | (Month/Day/Year) | Securities | Security | Securities | Form: | Beneficial | ||
| (Instr. 3) | Price of | (Month/Day/Year) | 8) | Derivative | Underlying | (Instr. 5) | Beneficially | Direct (D) | Ownership | |||||
| Derivative | Securities | Derivative | Owned | or Indirect | (Instr. 4) | |||||||||
| Security | Acquired | Security | Following | (I) (Instr. 4) | ||||||||||
| (A) or | (Instr. 3 and 4) | Reported | ||||||||||||
| Disposed | Transaction(s) | |||||||||||||
| of (D) | (Instr. 4) | |||||||||||||
| (Instr. | 3, 4 | |||||||||||||
| and 5) | ||||||||||||||
| Amount | ||||||||||||||
| or | ||||||||||||||
| Number | ||||||||||||||
| Date | Expiration | of | ||||||||||||
| Code | V | (A) | (D) | Exercisable | Date | Title Shares |
Explanation of Responses:
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Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. 100% of the RSUs vest on the earlier of June 13, 2024, or the date of the Issuer's next annual meeting of stockholders.
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The shares are held directly by KPCB sFund Associates, LLC ("sFund Associates"). The reporting person is a member of sFund Associates and may be deemed to share voting and investment power over the securities held by sFund Associates. The reporting person disclaims beneficial ownership over such securities except to the extent of her 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.
Remarks:
/s/ Susan Szotek, Attorney-inFact
06/15/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
https://www.sec.gov/Archives/edgar/data/1512673/000120919123037551/xslF345X04/doc4.xml
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