Brian Grassadonia - 03 Jul 2023 Form 4 Insider Report for Block, Inc. (SQ)

Role: Cash App Lead
Signature: /s/ Susan Szotek, Attorney-in-Fact
Issuer symbol: SQ
Transactions as of: 03 Jul 2023
Transactions value $: -$362,999
Form type: 4
Date filed: 06 Jul 2023, 17:45
Previous filing: 24 May 2023
Next filing: 10 Jul 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	Sale	-$252K	-3.78K	-1.19%	$66.82	312K	03 Jul 2023	Direct	F1
transaction	SQ	Class A Common Stock	Sale	-$111K	-1.66K	-0.53%	$66.88	311K	03 Jul 2023	Direct	F2

* 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 number of shares automatically sold to satisfy the Issuer's income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
F2	The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2022.