James Morgan McKelvey Jr. - 03 Jul 2023 Form 4 Insider Report for Block, Inc. (XYZ)

Role: Director
Signature: /s/ Susan Szotek, Attorney-in-Fact
Issuer symbol: XYZ
Transactions as of: 03 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Jul 2023, 17:10:23 UTC
Previous filing: 15 Jun 2023
Next filing: 04 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SQ	Class A Common Stock	Award	$0	+150	+1.5%	$0.000000	9,988	03 Jul 2023	Direct	F1
holding	SQ	Class A Common Stock						125,000	03 Jul 2023	See Footnote	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
holding	SQ	Class B Common Stock						12,259,025	03 Jul 2023	Class A Common Stock	12,259,025		See Footnote	F3, F4

* 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. 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	The shares are held by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.
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 James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee.