Form 144 filing reports a sale of common stock by Owen B Jennings. The filing lists the sale of 822 common shares on 01/02/2026 for $52,594.28. The issuer/address block names Morgan Stanley Smith Barney LLC Executive Financial Services and the listing venue is NYSE.
Block, Inc. describes a broad financial technology platform built around two main ecosystems, Square for businesses and Cash App for consumers, plus newer TIDAL and bitcoin initiatives. The company now groups revenue into three engines: Commerce Enablement, Financial Solutions, and the Bitcoin Ecosystem, which together produced $10.4 billion in gross profit in 2025.
Square processed $250 billion of Gross Payment Volume from more than 4.5 million sellers and 5.9 billion transactions in 2025, while Cash App reached 59 million monthly transacting actives and handled $316 billion of inflows. Block highlights heavy use of automation, data, and AI across payments, lending, and risk management, and outlines growing exposure to bitcoin through Cash App, seller tools, and dedicated hardware projects. The filing also discloses a major restructuring plan announced in February 2026, targeting a workforce reduction of more than 40% to better align costs with its operating model.
Block, Inc. reported a strong finish to 2025 while announcing a sweeping restructuring. Fourth-quarter gross profit rose 24% year over year to $2.87 billion, and operating income jumped to $485 million. Adjusted Operating Income grew 46% to $588 million, with Adjusted EBITDA at $930 million and Adjusted Diluted EPS up 38% to $0.65.
Cash App gross profit grew 33% to $1.83 billion, supported by 69% growth in consumer lending origination to $18.5 billion and 22% growth in Primary Banking Actives to 9.3 million. Square gross profit increased to $993 million as GPV reached $65.0 billion, with international GPV growing 24%.
For 2026, Block now targets gross profit of $12.20 billion, up 18% year over year, Adjusted Operating Income of $3.20 billion (26% margin), and Adjusted Diluted EPS of $3.66, all above prior indications. At the same time, the company is implementing a workforce reduction of more than 40%, expecting $450 million to $500 million of restructuring charges, mostly in the first quarter of 2026, as it shifts to leaner, AI-native teams. Block also continued share repurchases, buying 11.9 million Class A shares for $790 million in the quarter, leaving $5.3 billion of authorization and ending 2025 with $9.2 billion of total liquidity.
Block, Inc. Ecosystem Lead Brian Grassadonia reported two transactions in Class A Common Stock. He sold 10,349 shares in an open‑market transaction at an average price of $50.00 per share under a Rule 10b5‑1 trading plan adopted on June 2, 2025.
Separately, 4,198 shares were withheld by the company at $53.22 per share to cover income tax obligations from vested restricted stock units, which the filing notes does not represent a sale by Grassadonia. After these transactions, he directly owned 503,784 shares of Block Class A Common Stock.
Block, Inc. reported that Engineering Lead Arnaud Weber had 4,498 shares of Class A common stock withheld at $53.22 per share on February 20, 2026 to cover income tax obligations from vesting restricted stock units. After this tax-withholding disposition, he directly owned 254,638 shares.
Block, Inc. Business Lead Jennings Owen Britton reported a tax-related share disposition tied to restricted stock units. On February 20, 2026, 7,901 shares of Class A common stock were withheld at $53.22 per share to cover income tax obligations, leaving 234,817 shares owned directly afterward. The footnote clarifies this was issuer share withholding for taxes, not an open-market sale by the executive.
Block, Inc. Chief Legal Officer Esperanza Chrysty reported a tax-related share transaction in Class A common stock. On this Form 4, the company withheld 2,573 shares at $53.22 per share to cover income tax obligations from the net settlement of restricted stock units. The filing notes this is a tax-withholding disposition by the issuer and does not represent an open-market sale by the reporting person. After the withholding, Chrysty directly owned 120,294 shares of Block’s Class A common stock.
Block, Inc. Chief Accounting Officer Dale Ajmere reported a tax-related share withholding tied to restricted stock units. On February 20, 2026, 1,954 shares of Class A Common Stock at $53.22 per share were withheld by the company to cover income tax obligations, leaving 96,458 shares held directly afterward. The footnote clarifies this was not an open-market sale by Ajmere.
Block, Inc. executive Ahuja Amrita reported a tax-related share disposition tied to restricted stock units. On February 20, 2026, 7,519 shares of Class A Common Stock at $53.22 per share were withheld by the company to cover income tax and withholding obligations, and this was not an open-market sale by the insider. After this withholding, Ahuja held 264,345 shares directly.
Morgan Stanley Smith Barney LLC Executive Financial Services submitted a Rule 144 notice reporting restricted common stock sales linked to Brian Grassadonia. The filing lists sales of 1,983 shares for $135,875.16 on 01/06/2026 and 1,038 shares for $66,413.97 on 01/02/2026. The securities to be sold are labeled Restricted Stock with a transaction date of 02/20/2026.