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.
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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.
How many Block, Inc. (XYZ) shares does the director own after the reported transaction?
Following the transaction, the director beneficially owns 421,372 shares of Class A Common Stock directly and 5,817 shares indirectly through KPCB sFund Associates, LLC.
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.
Is the reported Block, Inc. (XYZ) transaction related to regular director compensation?
Yes. The Form 4 explains that the RSUs were issued pursuant to Block, Inc.'s Outside Director Compensation Policy, indicating they are part of standard director compensation.