Block executive sells shares under 10b5-1 plan
Block, Inc. Business Lead Jennings Owen Britton reported several equity transactions in Class A Common Stock.
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Rhea-AI Filing Summary
Block, Inc. Business Lead Jennings Owen Britton reported several equity transactions in Class A Common Stock. He executed open-market sales of 583 shares at $69.83 and 44 shares at $71.00, while 17,651 shares were withheld by the company to cover income tax obligations on restricted stock unit settlements, which the disclosure states does not represent a sale by him. The filing also shows an acquisition of 438 shares as a grant or award. After these transactions, he holds 480,978 shares directly. The sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on September 2, 2025, indicating a structured, pre-scheduled trading program.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 583 | $69.83 | $41K |
| Exercise Price or Tax Liability | Class A Common Stock | 17,651 | $70.89 | $1.25M |
| Sale | Class A Common Stock | 44 | $71.00 | $3K |
| Grant/Award | Class A Common Stock | 438 | $48.46 | $21K |
Footnotes (3)
- F1. These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on September 2, 2025.
- F3. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
Key Figures
Key Terms
Rule 10b5-1 trading plan financial
Employee Stock Purchase Plan financial
restricted stock units financial
tax-withholding disposition financial
Class A Common Stock financial
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