Amrita Ahuja - Feb 2, 2023 Form 4 Insider Report for Block, Inc. (SQ)

Role
Chief Financial Officer
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
Feb 2, 2023
Transactions value $
-$772,780
Form type
4
Date filed
2/6/2023, 04:02 PM
Previous filing
Jan 5, 2023
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQ Class A Common Stock Options Exercise $966K +16.8K +11.93% $57.40 158K Feb 2, 2023 Direct F1
transaction SQ Class A Common Stock Sale -$1.48M -16.8K -10.66% $88.13 141K Feb 2, 2023 Direct F1
transaction SQ Class A Common Stock Sale -$255K -2.92K -2.07% $87.61 138K Feb 2, 2023 Direct F2

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 -16.8K -17.76% $0.00 78K Feb 2, 2023 Class A Common Stock 16.8K $57.40 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
F2 Represents the number of shares automatically sold to satisfy the Issuer's income tax withholding and remittance obligations in connection with the vesting of restricted stock.
F3 1/48th of the shares subject to the option vest on May 1, 2020, and 1/48th of the shares vest monthly thereafter.