XYZ insider tax-withholding sale leaves 277,924 shares held

Rhea-AI Filing Summary

Block, Inc. (XYZ) – Form 4 insider transaction disclosure

On July 2, 2025, officer Owen Britton Jennings (title: Business Lead) sold 1,050 Class A common shares of Block, Inc. at $69.26 per share. The transaction was an "S" code sale executed solely to cover income-tax withholding arising from the vesting of restricted stock units, as noted in the filing’s explanatory footnote.

Following the sale, Jennings’ direct beneficial ownership stands at 277,924 shares, indicating that the disposition represented less than 0.4 % of his holdings. No derivative securities transactions were reported, and there were no additional acquisitions or disposals.

The filing appears routine, reflecting administrative tax-related share sales rather than a discretionary reduction in the insider’s economic exposure.

Positive

• Insider retains a large stake of 277,924 shares after the transaction, demonstrating ongoing alignment with shareholder interests.

Negative

• Insider sale reported, which some investors may interpret cautiously, even though it was for tax-withholding purposes.

Insights

Financial Analyst

TL;DR – Routine tax-withholding sale; minimal strategic signal, neutral impact.

The Form 4 shows a small (1,050-share) automatic sale by Block’s Business Lead Owen Britton Jennings on 07/02/25 at $69.26, strictly to satisfy RSU-related tax obligations. Post-transaction ownership remains sizable at 277,924 shares, suggesting continued alignment with shareholders. Given the administrative nature and immaterial size (<0.4 % of holdings), the sale is unlikely to influence market perception or indicate insider sentiment. Overall impact on investment thesis is neutral.

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
Estimated average burden
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^*

Jennings Owen Britton

(Last) (First) (Middle)

1955 BROADWAY

SUITE 600

(Street)

OAKLAND CA 94612

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2025

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	07/02/2025		S		1,050(1)	D	$69.26	277,924	D

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 the number of shares automatically sold to satisfy the Issuer's income tax withholding and remittance obligations in connection with the vesting of restricted stock units.

Remarks:

	/s/ Susan Szotek, Attorney-in-Fact	07/07/2025
	** 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 Block, Inc. (XYZ) shares did the insider sell?

The filing reports a sale of 1,050 Class A common shares.

What price did the shares sell for?

The shares were sold at $69.26 per share.

Why were the shares sold?

According to the footnote, the sale was automatically executed to cover income-tax withholding on vested RSUs.

How many shares does the insider still own after the sale?

Owen Britton Jennings now beneficially owns 277,924 shares of Block, Inc.

Does the filing include any derivative security transactions?

No, no derivative securities were acquired or disposed of in this Form 4.