Chrysty Esperanza - 12 May 2025 Form 4 Insider Report for Block, Inc. (XYZ)

Signature
/s/ Susan Szotek, Attorney-in-Fact
Issuer symbol
XYZ
Transactions as of
12 May 2025
Net transactions value
-$412,500
Form type
4
Filing time
14 May 2025, 17:12:04 UTC
Previous filing
25 Apr 2025
Next filing
23 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Esperanza Chrysty Chief Legal Officer 1955 BROADWAY, SUITE 600, OAKLAND /s/ Susan Szotek, Attorney-in-Fact 14 May 2025 0001965569

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XYZ Class A Common Stock Conversion of derivative security $0 +7,500 +5.6% $0.000000 141,440 12 May 2025 Direct F1
transaction XYZ Class A Common Stock Sale $412,500 -7,500 -5.3% $55.00 133,940 12 May 2025 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 XYZ Stock Option (right to buy) Options Exercise $0 -7,500 -100% $0.000000 0 12 May 2025 Class B Common Stock 7,500 $13.94 Direct F2, F3, F4
transaction XYZ Class B Common Stock Options Exercise $0 +7,500 $0.000000 7,500 12 May 2025 Class A Common Stock 7,500 Direct F4
transaction XYZ Class B Common Stock Conversion of derivative security $0 -7,500 -100% $0.000000 0 12 May 2025 Class A Common Stock 7,500 Direct F1, F4
* 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 Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
F2 The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on March 1, 2024.
F3 25% of the shares subject to the option vested on June 1, 2016 and 1/48th of the shares vested monthly thereafter.
F4 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.