Chrysty Esperanza - Feb 16, 2023 Form 3 Insider Report for Block, Inc. (SQ)

Role
Interim Counsel Lead
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
Feb 16, 2023
Transactions value $
$0
Form type
3
Date filed
2/17/2023, 04:08 PM
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SQ Class A Common Stock 42.2K Feb 16, 2023 Direct F1, F2, F3, F4, F5

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
holding SQ Stock Option (Right to Buy) Feb 16, 2023 Class B Common Stock 3.15K $3.66 Direct F6, F7
holding SQ Stock Option (Right to Buy) Feb 16, 2023 Class B Common Stock 20K $13.94 Direct F6, F7
holding SQ Stock Option (Right to Buy) Feb 16, 2023 Class B Common Stock 14.4K $13.94 Direct F6, F7
holding SQ Stock Option (Right to Buy) Feb 16, 2023 Class A Common Stock 5.51K $71.99 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 24,107 shares of the Issuer's Class A Common Stock owned and 18,047 shares represented by unvested Restricted Stock Units (RSUs).
F2 207 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 3,308 RSUs, 1/16 of the RSUs vested on July 1, 2019 and 1/16 of the total RSUs vest every three months thereafter.
F3 5,650 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 15,066 RSUs, 1/16 of the RSUs vested on July 1, 2020 and 1/16 of the total RSUs vest every three months thereafter.
F4 1,944 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 3,455 RSUs, 1/16 of the RSUs vested on July 1, 2021 and 1/16 of the total RSUs vest every three months thereafter.
F5 10,246 of the RSUs represent a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. Of the original grant of an aggregate of 12,610 RSUs, 1/16 of the RSUs vested on July 1, 2022 and 1/16 of the total RSUs vest every three months thereafter.
F6 All of the shares subject to this option are fully vested and exercisable as of the date hereof.
F7 Each share of Class B Common Stock is convertible into one share of Class A Common Stock a the option of the holder.
F8 This option, originally for 8,269 shares, of which 2,756 shares have been exercised, vested as to 1/48th of the shares on May 1, 2019 and 1/48 of the shares vest monthly thereafter.