Block (XYZ) insider Form 4 shows CAO RSU tax share sale
Rhea-AI Filing Summary
Block, Inc.'s Chief Accounting Officer reported routine stock transactions in a Form 4. On 11/14/2025, the officer acquired 1 share of Class A common stock at $48.46 under Block's Employee Stock Purchase Plan, a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c). On 11/21/2025, the officer sold 2,724 shares of Class A common stock at $61.40 to cover income tax withholding related to vesting restricted stock units. After these transactions, the officer directly owned 99,585 shares of Block Class A common stock. These disclosures reflect standard employee equity and tax withholding activity rather than open-market discretionary trading.
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FAQ
What insider transactions did Block, Inc. (XYZ) report in this Form 4?
The Form 4 reports that Block's Chief Accounting Officer acquired 1 share of Class A common stock at $48.46 on 11/14/2025 and sold 2,724 shares at $61.40 on 11/21/2025.
Who is the reporting person in Block, Inc. (XYZ)'s Form 4 filing?
The reporting person is an officer of Block, Inc., serving as the company’s Chief Accounting Officer, and is required to report changes in beneficial ownership of company stock.
Why were 2,724 Block (XYZ) shares sold in this Form 4?
The Form 4 states that the 2,724 shares of Class A common stock were automatically sold to satisfy Block's income tax withholding and remittance obligations in connection with the vesting of restricted stock units.
How many Block, Inc. (XYZ) shares does the officer own after these transactions?
Following the reported transactions, the Chief Accounting Officer directly owned 99,585 shares of Block, Inc. Class A common stock.
How were the 1 share of Block (XYZ) acquired according to the Form 4?
The 1 share was acquired on 11/14/2025 under Block's Employee Stock Purchase Plan at a price of $48.46, in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).
What is the purpose of SEC Form 4 filed by Block, Inc. (XYZ)?
Form 4 is used by company insiders to report changes in beneficial ownership of the issuer's securities, including stock purchases, sales, and equity awards, to comply with Section 16(a) reporting obligations.