Block, Inc. (XYZ) director Roelof Botha receives 4,619-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BOTHA ROELOF reported acquisition or exercise transactions in this Form 4 filing.
Block, Inc. director Roelof Botha reported a new equity grant and updated holdings in Class A common stock. He received an automatic annual restricted stock unit (RSU) award of 4,619 shares under the company’s Outside Director Compensation Policy at a price of $0.00 per share.
Each RSU represents one share of Class A common stock and will vest 100% on the earlier of June 16, 2027, or the date of Block’s next annual stockholder meeting. Following this award, Botha now holds 36,210 shares directly. The filing also details several indirect holdings through Sequoia-affiliated funds and an estate planning vehicle, with beneficial ownership disclaimed except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
BOTHA ROELOF
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 4,619 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 36,210 shares (Direct, null);
Class A Common Stock — 1,862 shares (Indirect, Sequoia Capital U.S. Growth Fund IV, L.P.)
Footnotes (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 16, 2027, or the date of the Issuer's next annual meeting of stockholders. The number of shares held reflects the transfer of 5,448 shares of Class A Common Stock from the Reporting Person to the estate planning vehicle. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SCGF IV Management,L.P., which is the general partner of Sequoia Capital U.S. Growth Fund IV, L.P. and Sequoia Capital USGF Principals Fund IV, L.P., or collectively, the SC GFIV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P. and Sequoia Capital U.S. Venture XV Principals Fund, L.P., or collectively, the SC USV XV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC USV XV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes. The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P., or collectively, the SC EXPI Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC EXPI Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
Key Figures
RSU grant size: 4,619 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 36,210 shares
+5 more
8 metrics
RSU grant size
4,619 shares
Automatic annual RSU award to outside director
Grant price per share
$0.00 per share
Restricted stock unit award terms
Direct holdings after grant
36,210 shares
Class A common stock held directly by Roelof Botha
Estate planning vehicle holdings
690,189 shares
Indirect Class A common stock via estate planning vehicle
SC US/E Expansion Fund I holdings
434,405 shares
Indirect Class A common stock via SC US/E Expansion Fund I Management, L.P.
U.S. Growth Fund IV holdings
1,862 shares
Indirect Class A common stock via Sequoia Capital U.S. Growth Fund IV, L.P.
USGF Principals Fund IV holdings
77 shares
Indirect Class A common stock via Sequoia Capital USGF Principals Fund IV, L.P.
Transfer to estate vehicle
5,448 shares
Shares moved from reporting person to estate planning vehicle
Key Terms
restricted stock unit (RSU), Outside Director Compensation Policy, pecuniary interest, beneficial ownership, +1 more
5 terms
restricted stock unit (RSU) financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
Outside Director Compensation Policy financial
"Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy."
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his pecuniary interest therein."
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the securities held by the SC USV XV Funds except to the extent of his pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
estate planning vehicle financial
"The number of shares held reflects the transfer of 5,448 shares of Class A Common Stock from the Reporting Person to the estate planning vehicle."
FAQ
What did Roelof Botha report in this Block (XYZ) Form 4 filing?
Roelof Botha reported receiving 4,619 restricted stock units in Block, Inc. as an automatic annual award for outside directors. The filing also updates his direct holdings to 36,210 shares and lists several indirect positions through Sequoia-affiliated investment funds.
When do Roelof Botha’s new Block (XYZ) RSUs vest?
The 4,619 restricted stock units vest 100% on the earlier of June 16, 2027, or the date of Block’s next annual meeting of stockholders. Upon vesting and settlement, Each RSU converts into one share of Block’s Class A common stock for the director.
What does the estate planning transfer in Roelof Botha’s Block (XYZ) filing mean?
The filing notes that 5,448 Block Class A shares were transferred from Roelof Botha to an estate planning vehicle. This change is reflected in the reported holdings but does not represent a market sale; it reorganizes ownership within his personal estate structure.
How are Sequoia Capital funds involved in Roelof Botha’s Block (XYZ) holdings?
Several indirect holdings are reported in Sequoia Capital U.S. Growth, Venture, and Expansion funds. Botha is a director and stockholder of the general partner entities and disclaims beneficial ownership of these Block shares, except to the extent of any pecuniary interest he has in the funds.