Block (XYZ) executive’s pre-set sale of 8,173 shares detailed
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.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 17,765 shares
Net Sell
3 txns
Insider
Grassadonia Brian
Role
Ecosystem Lead
Sold
8,173 shs ($674K)
| 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 |
Holdings After Transaction:
Class A Common Stock — 513,981 shares (Direct)
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
Shares sold August 24, 2026 (block 1): 3,830 shares at $81.88 per share
Shares sold August 24, 2026 (block 2): 4,343 shares at $82.90 per share
Shares withheld for taxes August 20, 2026: 9,592 shares at $80.08 per share
+2 more
5 metrics
Shares sold August 24, 2026 (block 1)
3,830 shares at $81.88 per share
Sale of Class A Common Stock by Brian Grassadonia
Shares sold August 24, 2026 (block 2)
4,343 shares at $82.90 per share
Sale of Class A Common Stock by Brian Grassadonia
Shares withheld for taxes August 20, 2026
9,592 shares at $80.08 per share
Shares withheld to satisfy income tax and withholding obligations on RSUs
Net sell shares
8,173 shares
Net of reported buy/sell transactions in transaction summary
Rule 10b5-1 plan adoption date
June 2, 2025
Governs the August 24, 2026 sale transactions
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, net settlement of restricted stock units, income tax and withholding and remittance obligations
4 terms
Rule 10b5-1 trading plan regulatory
"The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
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.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
net settlement of restricted stock units financial
"in connection with the net settlement of restricted stock units and does not represent a sale"
income tax and withholding and remittance obligations financial
"to satisfy its income tax and withholding and remittance obligations in connection"
FAQ
What insider transactions did Block, Inc. (XYZ) report for Brian Grassadonia?
Block reported that Ecosystem Lead Brian Grassadonia had 9,592 shares withheld on August 20, 2026 to cover taxes on RSUs and sold 3,830 shares at $81.88 and 4,343 shares at $82.90 on August 24, 2026.
Do the reported tax withholdings for Block, Inc. (XYZ) count as a sale by the insider?
No. The filing states that the 9,592 shares withheld on August 20, 2026 to satisfy income tax obligations on restricted stock units do not represent a sale by Brian Grassadonia.
AI-generated analysis. How Rhea-AI works. Not financial advice.