Ajmere Dale - 19 Apr 2022 Form 4 Insider Report for Block, Inc. (SQ)

Role
Chief Accounting Officer
Signature
/s/ Susan Szotek, Attorney-in-Fact
Issuer symbol
SQ
Transactions as of
19 Apr 2022
Transactions value $
$0
Form type
4
Filing time
04 May 2022, 17:19:15 UTC
Previous filing
05 Apr 2022
Next filing
07 Jul 2022
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 +5,044 +15% $0 39,485 19 Apr 2022 Direct F1, F2
transaction SQ Class A Common Stock Award $0 +10,088 +26% $0 49,573 19 Apr 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/4th of 10% of the RSUs will vest quarterly through April 1, 2023, with July 1, 2022 as the first quarterly vesting date, and 1/12th of 90% of the RSUs will vest quarterly thereafter through April 1, 2026.
F2 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.
F3 1/16th of the RSUs will vest on July 1, 2022, and each three months thereafter through April 1, 2026.