Form 4 for XYZ Block, Inc.
Accepted 2023-04-28 00:00:00 ET · period of report 2023-04-26 · accession 0001209191-23-026163 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | S - Sale | $61.27 | -30.8K | 501.8K | -6% | -$1.89M |
| D | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | A - Grant | $0.00 | +75.1K | 488.3K | +18% | $0 |
| D | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | C - Cnv Deriv | $0.00 | +30.8K | 519.0K | +6% | $0 |
| D | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | C - Cnv Deriv | $0.00 | -30.8K | 0 | -100% | $0 |
| DM | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | M - OptEx | $0.00 | 0 | 30.8K | New | $0 |
| D | 2023-04-28 | 2023-04-26 | XYZ | Henry Alyssa | Square Lead | A - Grant | $0.00 | +125.2K | 125.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-04-26 | S | D | 13,523 | $61.55 | 488,278 | D | — | — | (F6) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $61.35 to $61.75 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. |
| 2 | Common | Class A Common Stock | 2023-04-26 | S | D | 17,246 | $61.05 | 501,801 | D | — | — | (F5) The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $60.35 to $61.34 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. |
| 3 | Common | Class A Common Stock | 2023-04-26 | A | A | 75,118 | $0.00 | 488,278 | D | — | — | (F1) Each share is represented by a restricted stock unit (RSU). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. (F2) 1/16th of the RSUs will vest on May 20, 2023 and each three months thereafter through February 20, 2027. |
| 4 | Common | Class A Common Stock | 2023-04-26 | C | A | 30,769 | $0.00 | 519,047 | D | — | — | |
| 5 | Derivative | Class B Common Stock | 2023-04-26 | C | D | 30,769 | $0.00 | 0 | D | — · — to — | 30,769 Class A Common Stock | (F9) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |
| 6 | Derivative | Stock Option (right to buy) | 2023-04-26 | M | D | 30,769 | $0.00 | 30,769 | D | $7.25 · — to 2024-05-14 | 30,769 Class B Common Stock | (F8) 25% of the shares subject to the option vested on May 12, 2015 and 1/48th of the shares vested monthly thereafter. |
| 7 | Derivative | Stock Option (right to buy) | 2023-04-26 | A | A | 125,232 | $0.00 | 125,232 | D | $60.57 · — to 2033-04-25 | 125,232 Class A Common Stock | (F7) 1/48th of the shares subject to the Option vested on April 20, 2023 and will vest each month thereafter through March 20, 2027. |
| 8 | Derivative | Class B Common Stock | 2023-04-26 | M | A | 30,769 | $0.00 | 30,769 | D | — · — to — | 30,769 Class A Common Stock | (F9) Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date. |