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Block, Inc. — Director's Dealing 2024
May 3, 2024
30034_dirs_2024-05-03_028ebc6c-8ad2-4d3a-9f6b-b27a1d5c416a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Block, Inc. (SQ)
CIK: 0001512673
Period of Report: 2024-05-01
Reporting Person: Grassadonia Brian (Cash App Lead)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-01 | Class A Common Stock | C | 153336 | — | Acquired | 717529 | Direct |
| 2024-05-01 | Class A Common Stock | S | 30587 | $66.48 | Disposed | 686942 | Direct |
| 2024-05-01 | Class A Common Stock | S | 40336 | $67.22 | Disposed | 646606 | Direct |
| 2024-05-01 | Class A Common Stock | S | 28671 | $68.44 | Disposed | 617935 | Direct |
| 2024-05-01 | Class A Common Stock | S | 14074 | $69.07 | Disposed | 603861 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-05-01 | Stock Option (right to buy) | $13.94 | M | 153336 | Disposed | 2025-06-16 | Class B Common Stock (153336) | Direct |
| 2024-05-01 | Class B Common Stock | $ | M | 153336 | Acquired | Class A Common Stock (153336) | Direct | |
| 2024-05-01 | Class B Common Stock | $ | C | 153336 | Disposed | Class A Common Stock (153336) | 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 option exercise and sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2023.
F3: The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $65.87 to $66.86 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 $66.87 to $67.85 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 $67.87 to $68.86 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 $68.87 to $69.46 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: 20% of the shares subject to the option vested on February 24, 2015 and 1/60th 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.