Block exec sells 8,173 shares under 10b5-1 plan
Block, Inc. (XYZ) executive Brian Grassadonia, Ecosystem Lead, reported several transactions in Class A Common Stock.
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Rhea-AI Filing Summary
Block, Inc. (XYZ) executive Brian Grassadonia, Ecosystem Lead, reported several transactions in Class A Common Stock. On August 20, 2026, 9,592 shares were withheld at $80.08 per share to satisfy income tax obligations on net-settled restricted stock units, which the company notes does not represent a sale by him. On August 24, 2026, he sold 3,830 shares at $81.88 per share and 4,343 shares at $82.90 per share in open-market or private transactions under a Rule 10b5-1 trading plan adopted on June 2, 2025. The filing does not state his total holdings after these transactions.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2, F3 | 3,830 | $81.88 | $314K |
| Sale | Class A Common Stock F2, F4 | 4,343 | $82.90 | $360K |
| Tax Withholding | Class A Common Stock F1 | 9,592 | $80.08 | $768K |
Footnotes (4)
- F1. 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.
- F2. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 2, 2025.
- F3. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $81.41 to $82.38 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.
- F4. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $82.46 to $83.38 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
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average sale price financial
net settlement of restricted stock units financial
income tax and withholding and remittance obligations financial
FAQ
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