Block, Inc. (XYZ) insider Form 4 shows 331-share sale for tax withholding
Rhea-AI Filing Summary
Block, Inc.'s Chief Legal Officer reported a small share sale related to taxes. On 01/02/2026, the officer disposed of 331 shares of Class A common stock at a price of $63.98 per share. This transaction was recorded as a sale and left the insider with beneficial ownership of 122,867 shares held directly.
The filing explains that these 331 shares were automatically sold to cover Block, Inc.'s income tax withholding and remittance obligations triggered by the vesting of restricted stock units. The report was filed as a Form 4 for one reporting person in the role of Chief Legal Officer, indicating an administrative, tax-driven transaction rather than an open-market reduction in the overall equity position.
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FAQ
What insider transaction did Block, Inc. (XYZ) report on this Form 4?
The Form 4 reports that Block, Inc.'s Chief Legal Officer disposed of 331 shares of Class A common stock on 01/02/2026. The transaction is coded as a sale.
At what price were the Block, Inc. (XYZ) shares sold and how many does the insider still own?
The 331 shares were sold at a price of $63.98 per share. After this transaction, the insider beneficially owned 122,867 shares of Block, Inc. Class A common stock directly.
Why were the 331 Block, Inc. (XYZ) shares sold according to the Form 4?
The filing states that the 331 shares represent the number of shares automatically sold to satisfy Block, Inc.'s income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
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, as indicated in the relationship section of the Form 4.
Is this Block, Inc. (XYZ) Form 4 filed for one person or a group?
The Form 4 is filed by one reporting person, as shown by the checked box indicating that the form is not a joint or group filing.
What type of security is involved in this Block, Inc. (XYZ) insider transaction?
The transaction involves Class A common stock of Block, Inc., listed in Table I of the Form 4 as the security acquired, disposed of, or beneficially owned.