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Form 4: Block officer Dhananjay Prasanna offloads 3,600 shares

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

Rhea-AI Filing Summary

Block, Inc. (XYZ) Form 4: Technology & Engineering Lead Dhananjay Prasanna reported the sale of 3,600 Class A shares on 01-Aug-2025 at an average price of $74.93, for proceeds of roughly $270 thousand.

The transaction was executed under a Rule 10b5-1 trading plan adopted on 25-Feb-2025, indicating it was pre-scheduled. Following the sale, Prasanna directly owns 299,151 shares; no derivative positions were listed. The sale represents around 1.2 % of his reported holdings and does not affect his officer status.

No company-level financial data, guidance, or strategic developments are included in this filing. Given the modest size of the sale relative to ownership and its pre-planned nature, the event is generally viewed as routine. Investors may wish to monitor cumulative insider activity for broader sentiment signals, but this single trade is unlikely to materially influence the investment thesis for Block.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Small, pre-scheduled insider sale; immaterial for valuation or outlook.

The 3,600-share disposal (~$270k) is minor versus Prasanna’s remaining 299k-share stake and appears under a valid 10b5-1 plan, mitigating information-signaling concerns. There are no accompanying derivative trades, policy shifts, or financial disclosures. Historically, isolated, low-percentage 10b5-1 sales have negligible impact on market perception unless part of a broader selling trend. I classify the filing as neutral; monitor future Form 4s for pattern changes.

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*
Prasanna Dhananjay

(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)
Technology + Engineering Lead
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
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 08/01/2025 S(1) 3,600 D $74.93 299,151 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. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on February 25, 2025.
Remarks:
/s/ Susan Szotek, Attorney-in-Fact 08/05/2025
** 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 Block (XYZ) shares did the insider sell?

The filing shows a sale of 3,600 Class A shares.

What was the average selling price per share?

Shares were sold at an average price of $74.93.

How many shares does Dhananjay Prasanna now own?

After the transaction, he directly owns 299,151 shares of Block, Inc.

Was the sale conducted under a Rule 10b5-1 trading plan?

Yes. The Form 4 notes the sale was executed under a 10b5-1 plan adopted on 25-Feb-2025.

Were any derivative securities involved in this filing?

No derivative acquisitions or dispositions were reported.
Block Inc

NYSE:XYZ

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39.52B
534.24M
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3.36%
Software - Infrastructure
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United States
OAKLAND