Block Co-Founder McKelvey Holds 12M Shares While Receiving Annual Stock Grant

Rhea-AI Filing Summary

Block Director James Morgan McKelvey Jr. reported changes in beneficial ownership on June 17, 2025. Key transactions include:

• Acquisition of 4,343 Class A Common Stock shares through an automatic annual RSU award under the Outside Director Compensation Policy, vesting on June 17, 2026, or the next annual stockholder meeting
• Current direct ownership of 12,469 Class A shares
• Indirect ownership of 125,000 Class A shares through the Anna Elefteria Ntenta Trust
• Beneficial ownership of 11,940,025 Class B shares through the James McKelvey Jr. Revocable Trust, convertible to Class A shares at any time

This Form 4 filing reflects standard director compensation practices and demonstrates significant insider ownership through both direct holdings and trust arrangements. The Class B shares held indirectly provide substantial voting power while maintaining convertibility to Class A shares.

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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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^*

McKelvey James Morgan Jr.

(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)

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		4,343	A(1)	$0	12,469	D
Class A Common Stock								125,000	I	See Footnote(2)

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
Class B Common Stock(3)	(3)							(3)	(3)	Class A Common Stock	11,940,025		11,940,025	I	See Footnote(4)

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 shares are held by the Anna Elefteria Ntenta Trust, dated 11/30/2017, for the benefit of the Reporting Person's spouse.

3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

4. The shares are held of record by the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which the Reporting Person serves as a Trustee.

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 shares of XYZ Class A Common Stock did James McKelvey Jr. receive on June 17, 2025?

James McKelvey Jr. received 4,343 shares of XYZ Class A Common Stock as an automatic annual restricted stock unit (RSU) award on June 17, 2025, issued under the company's Outside Director Compensation Policy.

When will James McKelvey Jr.'s XYZ RSU grant from June 2025 vest?

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

How many shares of XYZ Class B Common Stock does James McKelvey Jr. indirectly own?

James McKelvey Jr. indirectly owns 11,940,025 shares of XYZ Class B Common Stock through the James McKelvey, Jr. Revocable Trust dated July 2, 2014, for which he serves as a Trustee.

What is the conversion ratio of XYZ's Class B Common Stock to Class A Common Stock?

Each share of XYZ's Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

How many shares of XYZ Class A Common Stock does James McKelvey Jr. own directly?

Following the reported transaction, James McKelvey Jr. directly owns 12,469 shares of XYZ Class A Common Stock.