McKelvey James Morgan Jr. 4

What Happened
James McKelvey, a director of Block, Inc., was granted 3,682 restricted stock units (RSUs) on 2026-06-16 under the company's Outside Director Compensation Policy. The grant was reported on a Form 4 filed 2026-06-18. The RSUs were issued at $0.00 (no cash paid) and represent a contingent right to receive one share of Block Class A common stock per RSU upon settlement.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (appears timely).
• Transaction type/code: Award/Grant (A).
• Shares granted: 3,682 RSUs; reported price: $0.00; reported cash value: $0.
• Vesting: 100% vests on the earlier of June 16, 2027 or the date of the issuer's next annual meeting of stockholders (footnote F1).
• Footnotes: F2 and F4 note certain shares are held in trusts for the reporting person and spouse; F3 notes Class B shares are convertible into Class A shares at the holder’s option.
• Shares owned after the transaction: not specified in the provided filing.

Context
This is a routine, compensatory award to an outside director rather than an open-market purchase or sale. RSU grants are common for non-employee directors and do not by themselves indicate the director is buying or selling stock for market sentiment reasons; the RSUs convert into Class A shares upon settlement per the terms above. There is no indication in the filing of immediate sale, tax withholding, or a 10b5-1 plan.