James Morgan McKelvey Jr. - Aug 17, 2021 Form 4 Insider Report for Square, Inc. (SQ)

Role
Director
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
Aug 17, 2021
Transactions value $
-$52,039,692
Form type
4
Date filed
8/19/2021, 05:01 PM
Previous filing
Jul 15, 2021
Next filing
Oct 5, 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 +5174.64% $0.00 204K Aug 17, 2021 Direct F1
transaction SQ Class A Common Stock Sale -$11.2M -43.4K -21.3% $258.91 160K Aug 17, 2021 Direct F2, F3
transaction SQ Class A Common Stock Sale -$23.6M -90.9K -56.68% $259.90 69.5K Aug 17, 2021 Direct F2, F4
transaction SQ Class A Common Stock Sale -$11M -42.1K -60.62% $260.67 27.4K Aug 17, 2021 Direct F2, F5
transaction SQ Class A Common Stock Sale -$1.43M -5.45K -19.9% $261.72 21.9K Aug 17, 2021 Direct F2, F6
transaction SQ Class A Common Stock Sale -$3.67M -14K -63.72% $263.00 7.95K Aug 17, 2021 Direct F2, F7
transaction SQ Class A Common Stock Sale -$1.08M -4.09K -51.41% $264.06 3.87K Aug 17, 2021 Direct F2, F8
holding SQ Class A Common Stock 175K Aug 17, 2021 See Footnote F9

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 -100% $0.00* 0 Aug 17, 2021 Class A Common Stock 200K Direct F1, F10
holding SQ Class B Common Stock 12.6M Aug 17, 2021 Class A Common Stock 12.6M See Footnote F10, F11
* 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 $258.42 to $259.40 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 $259.43 to $260.42 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 $260.43 to $261.42 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 $261.44 to $262.38 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.
F7 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $262.69 to $263.50 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 $263.90 to $264.12 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 shares are held by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.
F10 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.
F11 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.