XYZ Form 4: Officer Sells Shares to Cover RSU Taxes, Retains 583,822

Rhea-AI Filing Summary

Insider sale to cover taxes related to RSU vesting. The Form 4 shows that Brian Grassadonia, an officer serving as Ecosystem Lead at Block, Inc. (symbol XYZ), had 6,465 shares of Class A common stock sold on 08/21/2025 at an average price of $73.20 per share to satisfy income tax withholding obligations tied to vested restricted stock units. After the transaction, he beneficially owns 583,822 shares, held directly. The sale was reported by attorney-in-fact Susan Szotek on 08/25/2025.

Insights

Securities Analyst

TL;DR: Routine tax-withholding sale tied to RSU vesting; not a sign of an opportunistic disposition.

The filing documents a sale of 6,465 Class A shares executed to satisfy tax withholding from RSU vesting rather than an open-market discretionary sale. The average sale price reported is $73.20 per share and the reporter retains a substantial residual stake of 583,822 shares. For investors, this is typically a neutral disclosure because it reflects a common administrative step following compensation vesting rather than a directional view from management.

Corporate Governance Expert

TL;DR: Properly executed and documented Form 4 showing compliance with Section 16 reporting rules.

The form identifies the reporting person, relationship to the issuer (Officer, Ecosystem Lead), transaction date (08/21/2025), and provides an explanation that the shares were sold to satisfy tax withholding on RSU vesting. The report was signed by an attorney-in-fact, which is acceptable. This disclosure meets routine governance and transparency expectations; it raises no immediate governance red flags.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Grassadonia Brian

(Last) (First) (Middle)

1955 BROADWAY

SUITE 600

(Street)

OAKLAND CA 94612

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Block, Inc. [ XYZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Ecosystem Lead

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/21/2025		S		6,465(1)	D	$73.2	583,822	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

Remarks:

	/s/ Susan Szotek, Attorney-in-Fact	08/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Brian Grassadonia report on Form 4 for XYZ?

The Form 4 reports a sale of 6,465 Class A shares on 08/21/2025 at an average price of $73.20 per share.

Why were the shares sold according to the filing?

The filing states the shares were sold to satisfy income tax withholding and remittance obligations in connection with the vesting of restricted stock units.

How many shares does the reporting person beneficially own after the sale?

After the reported transaction, Brian Grassadonia beneficially owns 583,822 shares of Class A common stock, held directly.

What is Brian Grassadonia's role at the issuer according to the filing?

The Form 4 lists his relationship to the issuer as an Officer with the title Ecosystem Lead.

Who signed the Form 4 and when was it reported?

The Form 4 was signed by Susan Szotek, Attorney-in-Fact and dated 08/25/2025 for the reported transaction dated 08/21/2025.