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Block, Inc. — Major Shareholding Notification 2023
Oct 11, 2023
30034_rns_2023-10-11_c558fb8b-81fa-4d18-aa41-6195f2c4fb37.pdf
Major Shareholding Notification
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DocuSign Envelope ID: 700624F6-A754-4B00-A0E7-F571F99DA336
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Dean Litis
11 October 2023
Principal Adviser, Listings Compliance ASX Level 50, South Tower, Rialto 525 Collins Street, Melbourne VIC 3000
Dear Dean
Lodgement of Schedule 13Gs
Attached are 3 Schedule 13G forms which have been lodged with the United States Securities and Exchange Commission ( SEC ).
A Schedule 13G is required to be filed with the SEC by a person or group who holds or acquires beneficial ownership of more than five percent of a voting class of a company’s equity securities registered under the Securities Exchange Act.
The Company notes late lodgement of these forms and appropriate arrangements are in place to facilitate timely lodgement of Schedule 13Gs going forward.
Yours sincerely
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Shahzia Rahman, Assistant Secretary
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block.xyz
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SC 13G/A 1 Block.txt
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)*
BLOCK, INC.
------------------------------------------------------------------------------(Name of Issuer)
Common Stock
------------------------------------------------------------------------------(Title of Class of Securities)
852234103 -------------------------------------------(CUSIP Number)
------------------------------------------------------------------------------(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d-1(b)
[] Rule 13d-1(c) [] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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----------------------CUSIP No. 852234103 13G ---------------------------------------------------------------------------------------------------1. Name of Reporting Person I.R.S. Identification No. of above Person THE GOLDMAN SACHS GROUP, INC. -----------------------------------------------------------------------------2. Check the Appropriate Box if a Member of a Group (a) [] (b) [] -----------------------------------------------------------------------------3. SEC Use Only -----------------------------------------------------------------------------4. Citizenship or Place of Organization Delaware -----------------------------------------------------------------------------5. Sole Voting Power Number of 0 Shares ---------------------------------------------------------6. Shared Voting Power Beneficially 4,057,953 Owned by ---------------------------------------------------------Each 7. Sole Dispositive Power Reporting 0 Person ---------------------------------------------------------8. Shared Dispositive Power With: 4,075,148 -----------------------------------------------------------------------------9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,076,046 -----------------------------------------------------------------------------10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_] -----------------------------------------------------------------------------11. Percent of Class Represented by Amount in Row (9) 0.76 %
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----- Start of picture text -----
------------------------------------------------------------------------------
12. Type of Reporting Person
HC-CO
------------------------------------------------------------------------------
Page 2 of 11
-----------------------
CUSIP No. 852234103 13G
-----------------------
------------------------------------------------------------------------------
1. Name of Reporting Person
I.R.S. Identification No. of above Person
GOLDMAN SACHS & CO. LLC
------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a) []
(b) []
------------------------------------------------------------------------------
3. SEC Use Only
------------------------------------------------------------------------------
4. Citizenship or Place of Organization
New York
------------------------------------------------------------------------------
5. Sole Voting Power
Number of 0
Shares ----------------------------------------------------------
6. Shared Voting Power
Beneficially
4,057,953
Owned by
----------------------------------------------------------
Each 7. Sole Dispositive Power
Reporting 0
Person ----------------------------------------------------------
8. Shared Dispositive Power
With:
4,075,148
------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
----- End of picture text -----
4,076,046
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-----------------------------------------------------------------------------10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
-----------------------------------------------------------------------------11. Percent of Class Represented by Amount in Row (9) 0.76 % -----------------------------------------------------------------------------12. Type of Reporting Person BD-OO-IA ------------------------------------------------------------------------------
Page 3 of 11 Item 1(a). Name of Issuer: BLOCK, INC. Item 1(b). Address of Issuer's Principal Executive Offices: 1455 Market Street San Francisco, CA 94103 Item 2(a). Name of Persons Filing: THE GOLDMAN SACHS GROUP, INC. GOLDMAN SACHS & CO. LLC Item 2(b). Address of Principal Business Office or, if none, Residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282 Goldman Sachs & Co. LLC 200 West Street New York, NY 10282 Item 2(c). Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware GOLDMAN SACHS & CO. LLC - New York Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 852234103 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: (a).[X] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). Goldman Sachs & Co. LLC
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-
(b).[_] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
-
(c).[_] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
-
(d).[_] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
-
(e).[X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); Goldman Sachs & Co. LLC
-
(f).[_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
-
(g).[X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
The Goldman Sachs Group, Inc.
-
(h).[_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
-
(i).[_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
-
(j).[_] A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
-
(k).[_] A group, in accordance with Rule 13d-1(b)(1)(ii)
-
(A) through (K).
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:
Page 4 of 11 Item 4. Ownership.*
- (a). Amount beneficially owned:
See the response(s) to Item 9 on the attached cover page(s).
- (b). Percent of Class:
See the response(s)to Item 11 on the attached cover page(s).
-
(c). Number of shares as to which such person has:
-
(i). Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
-
(ii). Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s). (iii). Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
-
(iv). Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Clients of the Reporting Person(s) have or may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities held in their accounts. Clients known to have such right or power with respect to more than 5% of the class of securities to which this report relates are: NONE
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
See Exhibit (99.2)
Item 8. Identification and Classification of Members of the Group. Not Applicable
Item 9. Notice of Dissolution of Group. Not Applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 240.14a-11.
*In accordance with the Securities and Exchange Commission Release No.34 -39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.
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Page 5 of 11
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 07, 2023,
THE GOLDMAN SACHS GROUP, INC. By:/s/ Constance Birch ---------------------------------------Name: Constance Birch Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Constance Birch ---------------------------------------Name: Constance Birch Title: Attorney-in-fact
Page 6 of 11 INDEX TO EXHIBITS Exhibit No. Exhibit ----------- ------99.1 Joint Filing Agreement 99.2 Item 7 Information 99.3 Power of Attorney, relating to THE GOLDMAN SACHS GROUP, INC. 99.4 Power of Attorney, relating to GOLDMAN SACHS & CO. LLC Page 7 of 11
EXHIBIT (99.1)
In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $ per share, of BLOCK, INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G.
Date: February 07, 2023,
THE GOLDMAN SACHS GROUP, INC.
By:/s/ Constance Birch
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---------------------------------------Name: Constance Birch Title: Attorney-in-fact
GOLDMAN SACHS & CO. LLC
By:/s/ Constance Birch ---------------------------------------Name: Constance Birch Title: Attorney-in-fact
Page 8 of 11
EXHIBIT (99.2)
ITEM 7 INFORMATION
The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.
Page 9 of 11 EXHIBIT (99.3)
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that THE GOLDMAN SACHS GROUP, INC. (the "Company") does hereby make, constitute and appoint each Melissa Stanford, Stephanie Snyder, Constance Birch, Kateryna Osmachko, Rachel Fraizer, Jamie Minieri, Tony Kelly, Imad Ismail, Terrance Grey, and Kshama Mishra, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf, whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company pursuant to Rule 13f-1 or Regulation 13D-G under the Securities Exchange Act of 1934, (as amended, the "Act"), which may be required of the Company with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said Attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said Attorney-in-fact shall lawfully do or cause to be done by virtue hereof.
THIS POWER OF ATTORNEY shall remain in full force and effect until December 8, 2023 unless earlier revoked by written instrument, or in the event an Attorney-in-fact ceases to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates or ceases to perform the function in connection with which he or she was appointed Attorney-in-fact prior to December 8, 2023, this Power of Attorney shall cease to have effect in relation to such Attorney-in-fact upon such cessation but shall continue in full force and effect in relation to the remaining Attorneys-in-fact. The Company has the unrestricted right unilaterally to revoke the Power of Attorney.
This Power of Attorney shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to rules of conflicts of law.
This Power of Attorney supersedes the Power of Attorney granted by the Company to Stephanie Snyder, Terry Mosher, Rachel Fraizer, Jamie Minieri, and Terrance
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Grey on December 1, 2021.
IN WITNESS WHERE OF, the under signed has duly subscribed these presents as of December 8, 2022.
GOLDMAN SACHS & C0. LLC
By: /s/ David Thomas
____Name: David Thomas Title: Authorized Signatory
Page 10 of 11
EXHIBIT (99.4)
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS that GOLDMAN SACHS & CO. LLC (the "Company") does hereby make, constitute and appoint each Melissa Stanford, Stephanie Snyder, Constance Birch, Kateryna Osmachko, Rachel Fraizer, Jamie Minieri, Tony Kelly, Imad Ismail, Terrance Grey, and Kshama Mishra, acting individually, its true and lawful attorney, to execute and deliver in its name and on its behalf, whether the Company is acting individually or as representative of others, any and all filings required to be made by the Company pursuant to Rule 13f-1 or Regulation 13D-G under the Securities Exchange Act of 1934, (as amended, the "Act"), which may be required of the Company with respect to securities which may be deemed to be beneficially owned by the Company under the Act, giving and granting unto each said Attorney-in-fact power and authority to act in the premises as fully and to all intents and purposes as the Company might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said Attorney-in-fact shall lawfully do or cause to be done by virtue hereof.
THIS POWER OF ATTORNEY shall remain in full force and effect until December 8, 2023 unless earlier revoked by written instrument, or in the event an Attorney-in-fact ceases to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates or ceases to perform the function in connection with which he or she was appointed Attorney-in-fact prior to December 8, 2023, this Power of Attorney shall cease to have effect in relation to such Attorney-in-fact upon such cessation but shall continue in full force and effect in relation to the remaining Attorneys-in-fact. The Company has the unrestricted right unilaterally to revoke the Power of Attorney.
This Power of Attorney shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to rules of conflicts of law.
This Power of Attorney supersedes the Power of Attorney granted by the Company to Stephanie Snyder, Terry Mosher, Rachel Fraizer, Jamie Minieri, and Terrance Grey on December 1, 2021.
IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of December 8, 2022.
GOLDMAN SACHS & C0. LLC
By: /s/ David Thomas
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Name: David Thomas
Title: Authorized Signatory
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SC 13G/A 1 BlockIncSQ.txt MS AMENDMENT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No.2)*
Block, Inc. ----------------------------------------------------(Name of Issuer) Class A Common Stock ----------------------------------------------------(Title of Class of Securities) 852234103 ----------------------------------------------------(CUSIP Number) December 30, 2022 ----------------------------------------------------(Date Of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c) [ ] Rule 13d-1(d)
- The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
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 control number.
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SEC 1745 (3-06)
CUSIP No.852234103 13G Page 2 of 5 Pages -------------------------------------------------------------------------------1. NAME OF REPORTING PERSON: I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: Morgan Stanley I.R.S. # 36-3145972 -------------------------------------------------------------------------------2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ] (b) [ ] -------------------------------------------------------------------------------3. SEC USE ONLY: -------------------------------------------------------------------------------4. CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware. -------------------------------------------------------------------------------NUMBER OF 5. SOLE VOTING POWER: SHARES 0 BENEFICIALLY -------------------------------------------------------------OWNED BY 6. SHARED VOTING POWER: EACH 17,517,305 REPORTING -------------------------------------------------------------PERSON 7. SOLE DISPOSITIVE POWER: WITH: 0 -------------------------------------------------------------8. SHARED DISPOSITIVE POWER: 19,563,158 -------------------------------------------------------------------------------9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 19,563,158 -------------------------------------------------------------------------------10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [ ] -------------------------------------------------------------------------------11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.6% -------------------------------------------------------------------------------12. TYPE OF REPORTING PERSON: HC, CO --------------------------------------------------------------------------------
CUSIP No.852234103 13G Page 3 of 5 Pages --------------------------------------------------------------------------------
Item 1. (a) Name of Issuer:
Block, Inc. -------------------------------------------------------------(b) Address of Issuer's Principal Executive Offices: 1455 MARKET STREET SUITE 600 SAN FRANCISCO CA 94103
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UNITED STATES OF AMERICA
-------------------------------------------------------------Item 2. (a) Name of Person Filing:
-
(1) Morgan Stanley -------------------------------------------------------------(b) Address of Principal Business Office, or if None, Residence: (1) 1585 Broadway New York, NY 10036 -------------------------------------------------------------(c) Citizenship: (1) Delaware.
-
-------------------------------------------------------------(d) Title of Class of Securities:
Class A Common Stock
-------------------------------------------------------------(e) CUSIP Number: 852234103 --------------------------------------------------------------
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
-
(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
-
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
-
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
-
(d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
-
(e) [ ] An investment adviser in accordance with Sections 240.13d-1(b)(1)(ii)(E);
-
(f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);
-
(g) [x] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);
-
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
-
(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
-
(j) [ ] A non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J);
-
(k) [ ] Group, in accordance with sections 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with sections 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Not Applicable
CUSIP No.852234103 13G Page 4 of 5 Pages
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Item 4. Ownership as of December 30, 2022.*
- (a) Amount beneficially owned:
See the response(s) to Item 9 on the attached cover page(s).
- (b) Percent of Class:
See the response(s) to Item 11 on the attached cover page(s).
-
(c) Number of shares as to which such person has:
-
(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
-
(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
-
(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
-
(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
-
Item 5. Ownership of Five Percent or Less of a Class.
(1) As of the date hereof, Morgan Stanley has ceased to be the beneficial owner of more than five percent of the class of securities.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable
Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on By the Parent Holding Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
Not Applicable
Item 9. Notice of Dissolution of Group.
Not Applicable
Item 10. Certification.
(1) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
- In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.
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CUSIP No.852234103 13G Page 5 of 5 Pages -------------------------------------------------------------------------------Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 08, 2023 Signature: /s/ Christopher O'Hara
Name/Title: Christopher O'Hara/Authorized Signatory, Morgan Stanley
-------------------------------------------------------------------MORGAN STANLEY
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SC 13G/A 1 tv0426-blockinc.htm SCHEDULE 13G/A
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934 (Amendment No.: 6)*
Name of issuer: Block Inc.
Title of Class of Securities: Common Stock and CDI
CUSIP Number: 852234103
Date of Event Which Requires Filing of this Statement: December 30, 2022
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
-
☒ Rule 13d-1(b)
-
☐ Rule 13d-1(c)
-
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on the following page(s))
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13G
CUSIP No.: 852234103
- NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Vanguard Group - 23-1945930
- CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP
A. B. X
-
SEC USE ONLY
-
CITIZENSHIP OF PLACE OF ORGANIZATION
Pennsylvania
(For questions 5-8, report the number of shares beneficially owned by each reporting person with:)
- SOLE VOTING POWER
0
- SHARED VOTING POWER
875,517
- SOLE DISPOSITIVE POWER
33,886,771
- SHARED DISPOSITIVE POWER
1,628,376
- AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
35,515,147
- CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
-
6.61%
-
TYPE OF REPORTING PERSON
IA
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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
Schedule 13G Under the Securities Act of 1934
Item 1(a) - Name of Issuer:
Block Inc.
Item 1(b) - Address of Issuer's Principal Executive Offces:
1455 Market Street, Suite 600 San Francisco, CA 94103-1331
- Item 2(a) Name of Person Filing:
The Vanguard Group - 23-1945930
– Item 2(b) Address of Principal Business Offce or, if none, residence:
100 Vanguard Blvd. Malvern, PA 19355
– Item 2(c) Citizenship:
Pennsylvania
Item 2(d) - Title of Class of Securities:
Common Stock and CDI
Item 2(e) - CUSIP Number
852234103
Item 3 - Type of Filing:
This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
Item 4 - Ownership:
(a) Amount Beneficially Owned:
(b) Percent of Class:
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(c) Number of shares as to which such person has:
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(i) sole power to vote or direct to vote:
-
(ii) shared power to vote or direct to vote:
-
(iii) sole power to dispose of or to direct the disposition of:
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(iv) shared power to dispose or to direct the disposition of:
Comments:
The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- The Vanguard Group, Inc. held 553,733 Chess Depository Interests (“CDIs”) and 34,961,414 shares of Common Stock as of the date of event which requires this filing statement. Each CDI share held represents 1 share of Common Stock.
Item 5 - Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person:
The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.
No one other person's interest in the securities reported herein is more than 5%.
Item 7 - Identifcation and Classifcation of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company:
Not applicable
Item 8 - Identifcation and Classifcation of Members of Group:
Not applicable
Item 9 - Notice of Dissolution of Group:
Not applicable
Item 10 - Certifcation:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 9, 2023
By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration
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