Block, Inc. (XYZ) executive discloses 1,101-share sale to cover taxes
Rhea-AI Filing Summary
Block, Inc.'s CFO and COO reported a sale of 1,101 shares of Class A common stock on January 2, 2026 at $63.98 per share. According to the filing, these shares were automatically sold to cover the company’s income tax withholding and remittance obligations related to vesting restricted stock units, rather than a discretionary open‑market sale. After this transaction, the executive beneficially owned 271,864 shares directly.
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FAQ
What insider transaction did Block, Inc. (XYZ) report in this Form 4?
The filing reports that Block, Inc.'s CFO and COO sold 1,101 shares of Class A common stock on January 2, 2026 at $63.98 per share.
Why did the Block, Inc. (XYZ) executive sell 1,101 shares?
The filing explains that the 1,101 shares were automatically sold to satisfy Block, Inc.'s income tax withholding and remittance obligations arising from the vesting of restricted stock units.
How many Block, Inc. (XYZ) shares does the CFO & COO own after this transaction?
Following the reported transaction, the CFO and COO beneficially owned 271,864 shares of Block, Inc. Class A common stock, held directly.
What is the role of the reporting person in Block, Inc. (XYZ)?
The reporting person is an officer of Block, Inc., serving as both CFO & COO, and filed the Form 4 as a single reporting person.
Was this Block, Inc. (XYZ) Form 4 filed for non-derivative or derivative securities?
The reported transaction involves non-derivative securities, specifically Class A common stock, listed in Table I of the filing. No derivative securities are reported in Table II.
Was the Block, Inc. (XYZ) share sale a direct or indirect holding transaction?
The transaction relates to shares held under direct (D) ownership by the CFO and COO, and the reported post-transaction balance of 271,864 shares is also held directly.