Roelof Botha - Oct 3, 2022 Form 4 Insider Report for Block, Inc. (SQ)

Role
Director
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
Oct 3, 2022
Transactions value $
$0
Form type
4
Date filed
10/5/2022, 05:07 PM
Previous filing
Sep 8, 2022
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction SQ Class A Common Stock Award $0 +250 +1.39% $0.00 18.2 K Oct 3, 2022 Direct F1
holding SQ Class A Common Stock 1.86 K Oct 3, 2022 Sequoia Capital U.S. Growth Fund IV, L.P. F2
holding SQ Class A Common Stock 77 Oct 3, 2022 Sequoia Capital USGF Principals Fund IV, L.P. F2
holding SQ Class A Common Stock 685 K Oct 3, 2022 By estate planning vehicle
holding SQ Class A Common Stock 11.4 K Oct 3, 2022 Sequoia Capital U.S. Venture Fund XV, L.P. F3
holding SQ Class A Common Stock 479 Oct 3, 2022 Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P. F3
holding SQ Class A Common Stock 171 Oct 3, 2022 Sequoia Capital U.S. Venture Partners Fund XV, L.P. F3
holding SQ Class A Common Stock 1.75 K Oct 3, 2022 Sequoia Capital U.S. Venture XV Principals Fund, L.P. F3

Explanation of Responses:

Id Content
F1 Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy, and 100% of the RSUs were vested as of the date of grant.
F2 SC US (TTGP), Ltd. is the general partner of SCGF IV Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund IV, L.P. and Sequoia Capital USGF Principals Fund IV, L.P., or collectively, the SC GFIV Funds. The Reporting Person is a Director of SC US (TTGP), Ltd. The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 SC US (TTGP), Ltd. is the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P. and Sequoia Capital U.S. Venture XV Principals Fund, L.P., or collectively, the SC USV XV Funds. The Reporting Person is a Director of SC US (TTGP), Ltd. The Reporting Person disclaims beneficial ownership of the securities held by the SC USV XV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.