Block executive sells shares under 10b5-1 plan
Block, Inc. Ecosystem Lead Brian Grassadonia reported a mix of compensation and planned trading activity in Block Class A Common Stock.
Rhea-AI Filing Summary
Block, Inc. Ecosystem Lead Brian Grassadonia reported a mix of compensation and planned trading activity in Block Class A Common Stock. He acquired 438 shares on an award under the company’s Employee Stock Purchase Plan, then had 9,602 shares withheld by Block to cover tax obligations on restricted stock units, which was not a market sale. He subsequently sold 5,025 shares at a weighted average price of $67.76 and 3,141 shares at a weighted average price of $68.41 in open-market transactions executed under a Rule 10b5-1 trading plan. After these transactions, he directly holds 601,002 Block shares, indicating the sales cover only a small portion of his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,166 shares
Net Sell
4 txns
Insider
Grassadonia Brian
Role
Ecosystem Lead
Sold
8,166 shs ($555K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 5,025 | $67.76 | $340K |
| Sale | Class A Common Stock | 3,141 | $68.41 | $215K |
| Exercise Price or Tax Liability | Class A Common Stock | 9,602 | $70.89 | $681K |
| Grant/Award | Class A Common Stock | 438 | $48.46 | $21K |
Holdings After Transaction:
Class A Common Stock — 601,002 shares (Direct)
Footnotes (5)
- F1. These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F2. Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person.
- F3. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.18 to $68.16 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $68.18 to $68.94 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Open-market sale 1: 5,025 shares at $67.76
Open-market sale 2: 3,141 shares at $68.41
Total shares sold: 8,166 shares
+3 more
6 metrics
Open-market sale 1
5,025 shares at $67.76
Class A Common Stock sale on May 22, 2026
Open-market sale 2
3,141 shares at $68.41
Class A Common Stock sale on May 22, 2026
Total shares sold
8,166 shares
Net open-market sales in this Form 4
Tax withholding shares
9,602 shares at $70.89
Shares withheld for tax on RSU settlement May 20, 2026
ESPP award
438 shares at $48.46
Grant/acquisition on May 15, 2026
Post-transaction holdings
601,002 shares
Direct Class A holdings after reported transactions
Key Terms
Rule 10b5-1 trading plan, Employee Stock Purchase Plan, restricted stock units, weighted average sale price
4 terms
Rule 10b5-1 trading plan financial
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Employee Stock Purchase Plan financial
"These shares were acquired under the Issuer's Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
restricted stock units financial
"Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of restricted stock units and does not represent a sale by the Reporting Person."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $67.18 to $68.16 per share."
FAQ
What insider transactions did Block (XYZ) executive Brian Grassadonia report?
Brian Grassadonia reported a share award, tax-related share withholding, and open-market sales. He received 438 Block shares through an Employee Stock Purchase Plan, had 9,602 shares withheld for taxes on restricted stock units, and sold 8,166 shares in pre-planned open-market trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.
