James Morgan McKelvey Jr. - May 18, 2021 Form 4 Insider Report for Square, Inc. (SQ)

Role
Director
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
May 18, 2021
Transactions value $
-$41,111,883
Form type
4
Date filed
5/20/2021, 05:16 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQ Class A Common Stock Conversion of derivative security $0 +200K +7334.07% $0.00 203K May 18, 2021 Direct F1
transaction SQ Class A Common Stock Sale -$432K -2.15K -1.06% $200.80 201K May 18, 2021 Direct F2, F3
transaction SQ Class A Common Stock Sale -$2.09M -10.3K -5.16% $202.08 190K May 18, 2021 Direct F2, F4
transaction SQ Class A Common Stock Sale -$4.53M -22.3K -11.73% $203.15 168K May 18, 2021 Direct F2, F5
transaction SQ Class A Common Stock Sale -$6.88M -33.7K -20.08% $204.02 134K May 18, 2021 Direct F2, F6
transaction SQ Class A Common Stock Sale -$2.73M -13.3K -9.89% $205.35 121K May 18, 2021 Direct F2, F7
transaction SQ Class A Common Stock Sale -$11.7M -56.5K -46.75% $206.15 64.4K May 18, 2021 Direct F2, F8
transaction SQ Class A Common Stock Sale -$9.11M -44K -68.3% $207.18 20.4K May 18, 2021 Direct F2, F9
transaction SQ Class A Common Stock Sale -$3.46M -16.6K -81.34% $208.35 3.81K May 18, 2021 Direct F2, F10
transaction SQ Class A Common Stock Sale -$226K -1.08K -28.41% $208.97 2.73K May 18, 2021 Direct F2, F11
holding SQ Class A Common Stock 175K May 18, 2021 See Footnote F12

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SQ Class B Common Stock Conversion of derivative security $0 -200K -52.1% $0.00 184K May 18, 2021 Class A Common Stock 200K Direct F1, F13
holding SQ Class B Common Stock 13M May 18, 2021 Class A Common Stock 13M See Footnote F13, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $200.39 to $201.38 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 $201.62 to $202.61 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 $202.63 to $203.62 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 $203.64 to $204.56 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $204.69 to $205.59 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.
F8 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $205.70 to $206.59 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.
F9 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $206.72 to $207.70 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.
F10 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $207.87 to $208.77 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.
F11 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $208.97 to $209.30 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.
F12 The shares are held by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.
F13 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.
F14 The shares are held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee.