Block (NYSE: XYZ) insider sale and tax withholding total 14,547 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Block, Inc. Ecosystem Lead Brian Grassadonia reported two transactions in Class A Common Stock. He sold 10,349 shares in an open‑market transaction at an average price of $50.00 per share under a Rule 10b5‑1 trading plan adopted on June 2, 2025.
Separately, 4,198 shares were withheld by the company at $53.22 per share to cover income tax obligations from vested restricted stock units, which the filing notes does not represent a sale by Grassadonia. After these transactions, he directly owned 503,784 shares of Block Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,349 shares ($517,450)
Net Sell
2 txns
Insider
Grassadonia Brian
Role
Ecosystem Lead
Sold
10,349 shs ($517K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 10,349 | $50.00 | $517K |
| Tax Withholding | Class A Common Stock | 4,198 | $53.22 | $223K |
Holdings After Transaction:
Class A Common Stock — 503,784 shares (Direct)
Footnotes (1)
- Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $49.49 to $50.36 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
What insider transactions did Block, Inc. (XYZ) report for Brian Grassadonia?
Block reported that Ecosystem Lead Brian Grassadonia sold 10,349 Class A Common shares at an average of $50.00 and had 4,198 shares withheld to cover taxes on vested restricted stock units, leaving him with 503,784 directly owned shares.
Was Brian Grassadonia’s Block (XYZ) stock sale part of a Rule 10b5-1 plan?
Yes, the 10,349-share sale was executed under a Rule 10b5-1 trading plan adopted on June 2, 2025. Such plans pre-schedule trades to help insiders diversify holdings while reducing concerns about trading on material nonpublic information.
At what prices were Brian Grassadonia’s Block (XYZ) transactions executed?
The open-market sale of 10,349 Block shares used a weighted average sale price of $50.00, with individual trades ranging from $49.49 to $50.36. The 4,198 tax-withheld shares were valued at $53.22 per share for withholding purposes.