Sequoia Partner's Block Holdings Reveal Deep Ties Between Fintech and VC Giant

Rhea-AI Filing Summary

Block Inc Director Roelof Botha received an automatic annual grant of 5,448 restricted stock units (RSUs) on June 17, 2025, as part of the company's Outside Director Compensation Policy. The RSUs will fully vest on the earlier of June 17, 2026, or the next annual stockholder meeting.

Following the transaction, Botha's holdings include:

• Direct ownership: 35,830 shares of Class A Common Stock
• Indirect ownership: Approximately 1.7 million shares through various Sequoia Capital funds and an estate planning vehicle, including:
  • 684,741 shares through estate planning vehicle
  • 975,051 shares through Sequoia Capital funds (various partnerships)

As a director and stockholder of SC US (TTGP), Ltd., Botha disclaims beneficial ownership of securities held by Sequoia Capital funds except for his pecuniary interest.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

BOTHA ROELOF

(Last) (First) (Middle)

C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD

SUITE 101

(Street)

MENLO PARK CA 94025

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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	06/17/2025		A		5,448(1)	A	$0	35,830	D
Class A Common Stock								1,862	I	Sequoia Capital U.S. Growth Fund IV, L.P.(2)
Class A Common Stock								77	I	Sequoia Capital USGF Principals Fund IV, L.P.(2)
Class A Common Stock								684,741	I	By estate planning vehicle
Class A Common Stock								11,388	I	Sequoia Capital U.S. Venture Fund XV, L.P.(3)
Class A Common Stock								479	I	Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.(3)
Class A Common Stock								171	I	Sequoia Capital U.S. Venture Partners Fund XV, L.P.(3)
Class A Common Stock								1,750	I	Sequoia Capital U.S. Venture XV Principals Fund, L.P.(3)
Class A Common Stock								540,646	I	Sequoia Capital US/E Expansion Fund I, L.P.(4)
Class A Common Stock								434,405	I	SC US/E ExpansionFund I Management, L.P.(4)

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 an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. 100% of the RSUs vest on the earlier of June 17, 2026, or the date of the Issuer's next annual meeting of stockholders.

2. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SCGF IV Management,L.P., which is the general partner of Sequoia Capital U.S. Growth Fund IV, L.P. and Sequoia Capital USGF Principals Fund IV, L.P., or collectively, the SC GFIV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his 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.

3. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P. and Sequoia Capital U.S. Venture XV Principals Fund, L.P., or collectively, the SC USV XV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC USV XV Funds except to the extent of his 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.

4. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P., or collectively, the SC EXPI Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC EXPI Funds except to the extent of his 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.

Remarks:

	/s/ Susan Szotek, Attorney-in-Fact	06/18/2025
	** 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

How many XYZ (Block, Inc.) RSUs did Director Roelof Botha receive on June 17, 2025?

Director Roelof Botha received 5,448 restricted stock units (RSUs) on June 17, 2025, as part of Block's automatic annual director compensation. These RSUs represent the right to receive an equal number of Class A Common Stock shares.

When do Roelof Botha's XYZ RSUs vest?

The RSUs will vest 100% on the earlier of either June 17, 2026, or the date of Block's next annual meeting of stockholders.

How many shares of XYZ does Roelof Botha directly own after the June 2025 transaction?

Following the reported transaction, Roelof Botha directly owns 35,830 shares of Block's Class A Common Stock.

What is Roelof Botha's total indirect ownership of XYZ through Sequoia Capital funds?

Through various Sequoia Capital funds, Botha has indirect beneficial ownership of approximately 990,529 shares, including holdings through Sequoia Capital U.S. Growth Fund IV, Venture Fund XV, and US/E Expansion Fund I entities. Additionally, he holds 684,741 shares through an estate planning vehicle.

What was the purchase price of XYZ RSUs granted to Roelof Botha?

The RSUs were granted at $0 cost to Roelof Botha as part of Block's Outside Director Compensation Policy, representing compensation for his service as a director.