AI assistant
Block, Inc. — Director's Dealing 2024
May 23, 2024
30034_rns_2024-05-23_198de9fa-9055-40cb-bd9f-04ec45568cee.pdf
Director's Dealing
Open in viewerOpens in your device viewer
5/23/24, 2:27 PM
SEC FORM 4
SEC Form 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
FORM 4
Washington, D.C. 20549
Check this box if no longer subject to STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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
OMB APPROVAL
OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity X securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b51(c). See Instruction 10.
| 1. Name and Address of Reporting Grassadonia Brian (Last) (First) 1955 BROADWAY SUITE 600 |
Person* (Middle) |
2. Issuer NameandTicker or Trading Symbol Block, Inc. [ SQ] 3. Date of Earliest Transaction (Month/Day/Year) 05/21/2024 |
2. Issuer NameandTicker or Trading Symbol Block, Inc. [ SQ] 3. Date of Earliest Transaction (Month/Day/Year) 05/21/2024 |
5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Cash App Lead |
|---|---|---|---|---|
| (Street) | 4. If Amendment, Date | of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line) |
|
| OAKLAND CA |
94612 | X Form filed by One Reporting Person |
||
| Form filed by More than One Reporting | ||||
| (City) (State) |
(Zip) | Person |
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 | 5. Amount of | 6. Ownership | 7. Nature | |
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Execution Date, | Transaction | Disposed Of (D) (Instr. | 3, 4 and 5) | Securities | Form: Direct | of Indirect | |||
| (Month/Day/Year) if any |
Code (Instr. | 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 | 05/15/2024 | A | V | 444 (1) |
A | $ 47.86 | 604,305 | D | ||
| Class A Common Stock | 05/21/2024 | S | 5,155 (2) |
D | $ 71.26 | 599,150 | D | |||
| Class A Common Stock | 05/22/2024 | S (3) |
3,304 | D | $ 68.29 (4) |
595,846 | D | |||
| Class A Common Stock | 05/22/2024 | S (3) |
1,100 | D | $ 69.46 (5) |
594,746 | D | |||
| Class A Common Stock | 05/22/2024 | S (3) |
2,096 | D | $ 70.66 (6) |
592,650 | D |
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:
-
These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
-
Represents the number of shares automatically sold to satisfy the Issuer's income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
-
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on November 29, 2023.
-
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.86 to $68.71 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.
-
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $69.07 to $69.93 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.
https://www.sec.gov/Archives/edgar/data/1512673/000162828024025017/xslF345X05/wk-form4_1716499436.xml
1/2
5/23/24, 2:27 PM
SEC FORM 4
- The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $70.16 to $70.93 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.
Remarks:
/s/ Susan Szotek, Attorney-in05/23/2024 Fact ** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
-
If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
-
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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/1512673/000162828024025017/xslF345X05/wk-form4_1716499436.xml
2/2