Block CLO reports 3,608-share tax sale, holds 123,198 shares
Rhea-AI Filing Summary
Block, Inc. (XYZ) reported a Form 4 for its Chief Legal Officer, who remains a company officer and is filing individually. On 11/21/2025, the officer had 3,608 shares of Class A common stock sold at $61.4 per share. The filing explains these shares were automatically sold to cover income tax withholding and remittance obligations arising from the vesting of restricted stock units, meaning the sale was tied to compensation rather than a discretionary open-market trade.
After this tax-related sale, the officer beneficially owned 123,198 shares of Block Class A common stock in direct ownership form.
Positive
- None.
Negative
- None.
FAQ
What did Block, Inc. (XYZ) disclose in this Form 4 filing?
Block, Inc. reported that its Chief Legal Officer had 3,608 shares of Class A common stock sold on 11/21/2025 to satisfy income tax withholding and remittance obligations related to vesting restricted stock units.
How many Block (XYZ) shares were sold and at what price?
The Form 4 shows that 3,608 shares of Block Class A common stock were sold at a price of $61.4 per share.
Why were the Block (XYZ) shares sold by the officer?
The filing states the shares were automatically sold to satisfy the issuer's income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
How many Block (XYZ) shares does the officer own after the transaction?
Following the reported sale, the officer beneficially owned 123,198 shares of Block Class A common stock in direct ownership.
What is the reporting person's role at Block, Inc. (XYZ)?
The reporting person is an officer of Block, Inc., serving as the company's Chief Legal Officer.
Is this Form 4 filed by one or multiple reporting persons?
The document indicates it is a Form filed by one reporting person, not a joint or group filing.