Chrysty Esperanza - 19 Jul 2023 Form 4 Insider Report for Block, Inc. (XYZ)

Signature
/s/ Lori Giardina, Attorney-in-Fact
Issuer symbol
XYZ
Transactions as of
19 Jul 2023
Net transactions value
-$200,000
Form type
4
Filing time
21 Jul 2023, 17:10:21 UTC
Previous filing
13 Jul 2023
Next filing
23 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SQ Class A Common Stock Sale $200,000 -2,500 -3.7% $80.00 65,472 19 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted February 28, 2023.