Block, Inc. (XYZ) Chief Accounting Officer discloses modest stock sales
Rhea-AI Filing Summary
Block, Inc.'s Chief Accounting Officer reported selling small amounts of Class A common stock on 01/02/2026. The filing shows two sales: 423 shares at $63.98 and 750 shares at $65.72. After these transactions, the officer directly owned 98,412 Class A common shares.
The filing explains that 423 shares were automatically sold to cover income tax withholding tied to vesting restricted stock units. The 750-share sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 22, 2025, which is designed to standardize trading and reduce the impact of discretionary timing.
Positive
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Negative
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FAQ
What insider transaction did Block, Inc. (XYZ) report in this Form 4?
The Chief Accounting Officer of Block, Inc. reported selling 423 shares of Class A common stock at $63.98 and 750 shares at $65.72 on 01/02/2026.
How many Block, Inc. shares does the reporting insider hold after the transaction?
Following the reported sales, the Chief Accounting Officer directly beneficially owned 98,412 shares of Block, Inc. Class A common stock.
Why were 423 Block, Inc. shares sold by the insider?
The filing states that the 423 shares were automatically sold to satisfy income tax withholding and remittance obligations related to the vesting of restricted stock units.
Was the Block, Inc. insider trade made under a Rule 10b5-1 plan?
Yes. The sale noted as code S (2) for 750 shares was effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025.
What is the insider’s role at Block, Inc. in this Form 4?
The reporting person is an officer of Block, Inc., serving as the company’s Chief Accounting Officer.
Is this Block, Inc. Form 4 filed for one or multiple reporting persons?
The document indicates that it is a Form filed by One Reporting Person, not a joint or group filing.