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XYZ Form 4: Chief Accounting Officer Disposes of 3,908 Class A Shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Block, Inc. reporting person Dale Ajmere, Chief Accounting Officer, disclosed multiple sales of Class A common stock. On 08/21/2025 Ajmere sold 2,408 shares at $73.20 per share to satisfy income tax withholding arising from RSU vesting, leaving 105,828 shares beneficially owned. Also on 08/21/2025 and 08/25/2025 Ajmere sold two additional lots of 750 shares each under a Rule 10b5-1 trading plan adopted May 22, 2025, at $73.72 and $80.00 per share, respectively, leaving 104,328 shares after the last reported transaction. The Form 4 indicates these were routine dispositions for tax withholding and plan-driven sales rather than open-market discretionary trades.

Positive

  • Sales executed under a Rule 10b5-1 plan, indicating pre-planned transactions that provide an affirmative defense under insider trading rules
  • Automatic sale to satisfy tax withholding for vested restricted stock units, a routine and transparent compensation-related disposition

Negative

  • Insider sold a total of 3,908 Class A shares, which reduces beneficial ownership from 105,828 to 104,328 shares
  • Transactions include open-market sales at prices ranging from $73.20 to $80.00, reflecting insider liquidity rather than additional insider purchases

Insights

TL;DR: Officer sold a small portion of holdings via RSU tax-withholding and a 10b5-1 plan; impact appears routine and non-material.

The reported sales total 3,908 shares executed at prices between $73.20 and $80.00. Sales include an automatic disposition to cover tax withholding tied to RSU vesting and two scheduled trades under an existing Rule 10b5-1 plan. Remaining beneficial ownership after the final sale is stated as 104,328 shares. For most investors, these disclosures are informative on insider liquidity but do not alone indicate a change in company fundamentals.

TL;DR: Dispositions follow standard governance practices (tax withholding and 10b5-1 plan); disclosure complies with Section 16 reporting.

The filing documents an IRS-tax-withholding sale tied to vested RSUs and two transactions executed pursuant to a pre-established Rule 10b5-1 trading plan adopted May 22, 2025, which supports an affirmative defense to insider trading claims. The signature by an attorney-in-fact is present. These elements align with accepted governance and compliance practices; no governance breach or unusual timing is disclosed in the form.

Insider Dale Ajmere
Role Chief Accounting Officer
Sold 3,908 shs ($292K)
Type Security Shares Price Value
Sale Class A Common Stock 750 $80.00 $60K
Sale Class A Common Stock 2,408 $73.20 $176K
Sale Class A Common Stock 750 $73.72 $55K
Holdings After Transaction: Class A Common Stock — 104,328 shares (Direct)
Footnotes (1)
  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. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025.
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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*
Dale Ajmere
(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)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025
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 08/21/2025 S 2,408(1) D $73.2 105,828 D
Class A Common Stock 08/21/2025 S(2) 750 D $73.72 105,078 D
Class A Common Stock 08/25/2025 S(2) 750 D $80 104,328 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.
2. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 22, 2025.
Remarks:
/s/ Susan Szotek, Attorney-in-Fact 08/25/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Block, Inc. (XYZ) disclose on this Form 4?

The filing shows Chief Accounting Officer Dale Ajmere sold a total of 3,908 Class A shares through an RSU tax-withholding sale and two trades under a Rule 10b5-1 plan.

How many shares does Dale Ajmere own after these transactions?

The report lists 104,328 shares of Class A common stock beneficially owned following the last reported sale.

Were the sales part of a Rule 10b5-1 trading plan?

Yes. Two of the sales (750 shares each) were executed pursuant to a Rule 10b5-1 plan adopted on May 22, 2025.

Why were some shares sold automatically?

The filing states 2,408 shares were automatically sold to satisfy the issuer's income tax withholding obligations related to RSU vesting.

Do these transactions indicate any alleged impropriety?

The Form 4 discloses the sales were for tax withholding and under a pre-established 10b5-1 plan; the form does not allege any impropriety.