Key facts
- This page summarizes Lawrence Henry Summers's Form 4 filing for Block, Inc. (XYZ).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Aug 2023, 17:14.
Lawrence Henry Summers - 31 Jul 2023 Form 4 Insider Report for Block, Inc. (XYZ)
- Reporting relationship
- Director
- Issuer ticker
- XYZ
- Reported as of
- 31 Jul 2023
- Net transaction value
- -$295,200
- SEC form
- 4
- Accepted by SEC
- 02 Aug 2023, 17:14:22 UTC
- Prior SEC filing
- 24 Jul 2023
- Next SEC filing
- 22 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Susan Szotek, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Lawrence Henry Summers filed Form 4 for Block, Inc. (XYZ) on 02 Aug 2023.
Change
- Previous filing in this sequence was filed on 24 Jul 2023.
- Current net transaction value: -$295,200.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SQ
transaction
Class A Common Stock
Sale
- Transaction value
- $34,540
- Shares
- -433
- Change %
- -1.9%
- Price
- $79.77
- Shares after
- 21,847
- Date
- 31 Jul 2023
- Ownership
- Direct
- Footnotes
- F1, F2
SQ
transaction
Class A Common Stock
Sale
- Transaction value
- $260,660
- Shares
- -3,236
- Change %
- -15%
- Price
- $80.55
- Shares after
- 18,611
- Date
- 31 Jul 2023
- Ownership
- Direct
- Footnotes
- F1, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SQ
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 67,380
- Date
- 31 Jul 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 67,380
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Rule 10b5-1 trading plan
These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.
Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).
Explanation of responses 4 footnotes
Footnote F1
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted February 28, 2023.
Footnote F2
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $79.28 to $80.25 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F3
The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $80.29 to $81.20 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote 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.