Esperanza Chrysty 4

What Happened
Esperanza Chrysty, Chief Legal Officer of Block (XYZ), had 7,268 shares withheld on 2026-05-20 to satisfy tax and withholding obligations in connection with a net settlement of restricted stock units (value reported at $70.89 per share, ~$515,229). She also acquired 439 shares on 2026-05-15 under the company's Employee Stock Purchase Plan at $48.46 per share (total ~$21,274). The withholding is not a market sale by the reporting person; the ESPP purchase is a routine employee acquisition.

Key Details

• Transactions reported:
  • 2026-05-15: Acquisition (ESPP) — 439 shares @ $48.46 = $21,274 (Footnote: ESPP purchase exempt under Rules 16b-3(d) and 16b-3(c)).
  • 2026-05-20: Payment of tax liability/withholding — 7,268 shares @ $70.89 = $515,229 (Footnote: shares withheld to satisfy income tax and withholding in net settlement of RSUs; not a sale).
• Shares owned after transaction: Not disclosed in the information provided in this summary.
• Filing: Report filed 2026-05-22 for transactions through 2026-05-20 — appears to be timely.
• Transaction codes explained: A = Award/acquisition (ESPP); F = tax withholding (net settlement), not an open-market sale.

Context
Tax withholding of shares upon RSU settlement is a common administrative action and does not necessarily indicate insider selling to raise cash. The ESPP purchase is a routine employee participation and is generally viewed differently from an open-market buy/sell for investment signaling.