Narula Neha 4

What Happened

• Neha Narula, a director of Block, Inc. (ticker: XYZ), was granted 321 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports an acquisition price of $0.00 for the award (transaction code A). The RSUs represent a contingent right to one share of Class A common stock upon settlement and were 100% vested as of the grant date.

Key Details

• Transaction date and code: 2026-04-01 (A = Award/Grant).
• Reported amount: 321 RSUs; reported price: $0.00; reported acquisition value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs represent contingent rights to receive one share upon settlement; issued under the Issuer's Outside Director Compensation Policy and 100% vested at grant (see F1).
• Filing timeliness: Form filed Apr 3, 2026 for a Apr 1 transaction — filed within the usual 2-business-day Form 4 window (timely).

Context

• RSUs are a form of compensation: they give a right to future delivery of shares rather than an immediate cash purchase or sale. Because these RSUs were vested at grant, they may be settled into shares (and could be subject to withholding or settlement procedures) per the company plan.
• Awards to outside directors are a routine component of director compensation and do not, by themselves, indicate insider buying or selling sentiment. The reported $0 acquisition price reflects the grant accounting on the Form 4; the economic value to the insider depends on the company’s stock price at settlement.