Chrysty Esperanza - Mar 20, 2023 Form 4 Insider Report for Block, Inc. (SQ)

Role
Counsel Lead
Signature
/s/ Susan Szotek, Attorney-in-Fact
Stock symbol
SQ
Transactions as of
Mar 20, 2023
Transactions value $
$0
Form type
4
Date filed
3/22/2023, 05:05 PM
Previous filing
Feb 17, 2023
Next filing
Apr 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQ Class A Common Stock Award $0 +27.7K +65.62% $0.00 69.8K Mar 20, 2023 Direct F1, 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) Award $0 +46.1K $0.00 46.1K Mar 20, 2023 Class A Common Stock 46.1K $74.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.
F2 1/16th of the RSUs will vest on May 20, 2023 and each three months thereafter through February 20, 2027.
F3 1/48th of the shares subject to the Option will vest on April 20, 2023 and each month thereafter through March 20, 2027.