Block (XYZ) director discloses RSU award and ownership details
Rhea-AI Filing Summary
Block, Inc. director filed a Form 4 reporting an equity award and updated share holdings. On 01/02/2026, the director acquired 288 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a price of $0 per share. Each RSU represents the right to receive one share of Class A Common Stock, and all RSUs were fully vested on the grant date under the company’s Outside Director Compensation Policy.
After this transaction, the director beneficially owns 421,372 shares directly and 5,817 shares indirectly through KPCB sFund Associates, LLC, where she is a member and may share voting and investment power. She disclaims beneficial ownership of those indirect shares except to the extent of her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 288 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs were issued pursuant to the Issuer's Outside Director Compensation Policy, and 100% of the RSUs were vested as of the date of grant. The shares are held directly by KPCB sFund Associates, LLC ("sFund Associates"). The reporting person is a member of sFund Associates and may be deemed to share voting and investment power over the securities held by sFund Associates. The reporting person disclaims beneficial ownership over such securities except to the extent of her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
FAQ
What transaction did the Block, Inc. (XYZ) director report on this Form 4?
The director reported acquiring 288 shares of Block, Inc. Class A Common Stock in the form of fully vested restricted stock units (RSUs) granted on 01/02/2026.
What are the terms of the RSUs reported by the Block, Inc. (XYZ) director?
Each RSU represents a contingent right to receive one share of Block, Inc. Class A Common Stock, was granted at $0 per share, and 100% of the RSUs were vested as of the date of grant under the Outside Director Compensation Policy.
What is the indirect ownership disclosed by the Block, Inc. (XYZ) director?
The director is a member of KPCB sFund Associates, LLC, which holds 5,817 Block, Inc. shares. She may be deemed to share voting and investment power over these securities but disclaims beneficial ownership except to the extent of her pecuniary interest.
Why does the Block, Inc. (XYZ) Form 4 mention a disclaimer of beneficial ownership?
The director states that including the 5,817 shares held by KPCB sFund Associates, LLC in the report should not be considered an admission of beneficial ownership for Section 16 or any other purposes, beyond her pecuniary interest.