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Block Board Member Carter Boosts Stake with Annual RSU Award

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

Rhea-AI Filing Summary

Block, Inc. Director Shawn Corey Carter received an automatic annual grant of 4,343 restricted stock units (RSUs) on June 17, 2025, as part of the company's Outside Director Compensation Policy. The RSUs will fully vest on the earlier of June 17, 2026, or the next annual stockholders' meeting date.

Following this transaction, Carter's beneficial ownership includes:

  • 28,104 shares held directly
  • 1,779 shares held by immediate family member
  • 20,812 shares held through SC Panther, LLC
  • 296 shares held through SC Vessel 5, LLC

The RSUs were granted at $0 cost and represent a contingent right to receive an equal number of Block Class A Common Stock shares upon settlement. This Form 4 filing was submitted by Carter's attorney-in-fact on June 18, 2025.

Positive

  • None.

Negative

  • None.
Insider Carter Shawn Corey
Role Director
Type Security Shares Price Value
Grant/Award Class A Common Stock 4,343 $0.00 --
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Class A Common Stock — 28,104 shares (Direct); Class A Common Stock — 1,779 shares (Indirect, By immediate family member)
Footnotes (1)
  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. The shares are held of record by an immediate family member of the Reporting Person. The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member. The shares are held of record by SC Vessel 5, LLC, for which the Reporting Person serves as the sole member.
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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).
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*
Carter Shawn Corey
(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(1) A $0 28,104 D
Class A Common Stock 1,779 I By immediate family member(2)
Class A Common Stock 20,812 I See Footnote(3)
Class A Common Stock 296 I See Footnote(4)
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 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 of record by an immediate family member of the Reporting Person.
3. The shares are held of record by SC Panther, LLC, for which the Reporting Person serves as the sole member.
4. The shares are held of record by SC Vessel 5, LLC, for which the Reporting Person serves as the sole member.
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.

Source: View Original Filing on SEC EDGAR

FAQ

How many XYZ (Block, Inc.) shares did Director Carter receive in the latest RSU grant?

Director Shawn Corey Carter received 4,343 restricted stock units (RSUs) on June 17, 2025, as part of Block's automatic annual director compensation. Each RSU represents one share of Class A Common Stock.

When do the new RSUs granted to XYZ's Director Carter vest?

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

How many XYZ shares does Carter own directly after the latest transaction?

Following the reported transaction, Carter directly owns 28,104 shares of Block's Class A Common Stock.

What is the total indirect ownership of XYZ shares by Director Carter?

Carter indirectly owns a total of 22,887 shares through various entities: 1,779 shares held by an immediate family member, 20,812 shares through SC Panther, LLC, and 296 shares through SC Vessel 5, LLC.

What was the purchase price of XYZ RSUs granted to Director Carter?

The RSUs were granted at $0 cost to Carter as part of Block's Outside Director Compensation Policy, representing standard board compensation rather than a purchase.