Brian Grassadonia - May 11, 2022 Form 4 Insider Report for Block, Inc. (SQ)

Role
Cash App Lead
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
May 11, 2022
Transactions value $
$0
Form type
4
Date filed
5/13/2022, 05:23 PM
Previous filing
May 4, 2022
Next filing
Jul 7, 2022

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 +84.3K +47.61% $0.00 261K May 11, 2022 Direct F1

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 Stock Option (right to buy) Options Exercise $0 -84.3K -25.01% $0.00 253K May 11, 2022 Class B Common Stock 84.3K $7.25 Direct F2, F3
transaction SQ Class B Common Stock Options Exercise $0 +84.3K $0.00 84.3K May 11, 2022 Class A Common Stock 84.3K Direct F3
transaction SQ Class B Common Stock Conversion of derivative security $0 -84.3K -100% $0.00* 0 May 11, 2022 Class A Common Stock 84.3K Direct F1, F3
* 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 20% of the shares subject to the option vested on February 24, 2015 and 1/60th of the shares vested monthly thereafter.
F3 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.