Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | SQ | Class A Common Stock | Conversion of derivative security | $0 | +1M | $0.00 | 1M | May 27, 2022 | See Footnote | F1, F2 |
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 | -1M | -2.72% | $0.00 | 35.8M | May 27, 2022 | Class A Common Stock | 1M | See Footnote | F1, F3, F4 | |
holding | SQ | Class B Common Stock | 12.1M | May 27, 2022 | Class A Common Stock | 12.1M | See Footnote | F3, F5 |
Id | Content |
---|---|
F1 | Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Jack Dorsey Revocable Trust u/a/d 12/8/10, for which the Reporting Person serves as Trustee (the "Dorsey Revocable Trust"). This conversion was effected in connection with the contribution by the Reporting Person of 1,000,000 shares of Class A Common Stock from the Dorsey Revocable Trust to The Jack Dorsey 2022 Annuity Trust, a grantor retained annuity trust for which the Reporting Person serves as Co-Trustee (the "Dorsey Annuity Trust"), which contribution is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-13 under the Exchange Act. |
F2 | The shares are held of record by the Dorsey Annuity Trust. |
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. |
F4 | The shares are held of record by the Jack Dorsey Revocable Trust u/a/d 12/8/10, for which the Reporting Person serves as a Trustee. |
F5 | The shares are held of record by Start Small, LLC, for which the Reporting Person is the sole member. |