Block (XYZ) Engineering Lead Weber Arnaud Withholds 14,005 Shares

What Happened

• Weber Arnaud, Engineering Lead at Block (XYZ), had 14,005 shares withheld to satisfy tax withholding related to a net settlement of restricted stock units. The filing shows a disposition of 14,005 shares at $70.89 per share, for a total of $992,814. This transaction is coded F (tax withholding) and does not represent an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (timely filing).
• Shares involved: 14,005 shares withheld at $70.89 each; total value shown $992,814.
• Transaction code: F — shares withheld to satisfy tax withholding on RSUs (footnote clarifies issuer withheld shares; not a sale by the insider).
• Shares owned after transaction: not disclosed in the provided filing.

Context

• This was a net settlement/tax-withholding event for restricted stock units (RSUs). Companies commonly withhold shares to cover income tax obligations when RSUs vest; such withholding is administrative and generally should not be read as a directional trading signal by the insider.