BOTHA ROELOF 4
4 · Block, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Block (XYZ) Director Roelof Botha Receives RSU Award
What Happened Roelof Botha, a director of Block, Inc. (XYZ), received an automatic outside-director restricted stock unit (RSU) award of 4,619 RSUs on 2026-06-16. The award was priced at $0.00 (no purchase cost) and represents a contingent right to one share of Class A common stock per RSU; the grant value at issuance is reported as $0 in the filing because it’s a compensation award rather than a cash purchase.
Key Details
- Transaction date and type: 2026-06-16 — Grant/Award (Form 4 code A).
- Shares/units granted: 4,619 RSUs; price reported: $0.00; aggregate reported value: $0.
- Vesting: 100% of the RSUs vest on the earlier of June 16, 2027, or the date of the issuer’s next annual meeting (see footnote F1).
- Shares owned after transaction: not specified in the provided excerpt; the filing notes a transfer of 5,448 Class A shares to an estate planning vehicle (footnote F2).
- Filing timeliness: Reported on 2026-06-18 for a 2026-06-16 transaction — appears to be filed within the typical two-business-day Section 16 reporting window.
- Relevant footnotes: F1 (automatic director RSU award and vesting); F2 (transfer of 5,448 shares to an estate planning vehicle); F3–F5 (Botha’s roles/interest in several Sequoia-managed funds and disclaimers of beneficial ownership for those fund-held securities).
Context This is a routine director compensation award (automatic annual RSU grant) rather than an open-market purchase or sale. RSU grants are common as non-cash compensation for directors and do not by themselves indicate a personal cash investment or sale. The filing also includes standard disclosures about Botha’s relationships to certain Sequoia funds and a transfer of shares to an estate planning vehicle; these items explain holdings and disclaimers but do not signal market trading.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-06-16+4,619→ 36,210 total
- 1,862(indirect: Sequoia Capital U.S. Growth Fund IV, L.P.)
Class A Common Stock
[F3] - 77(indirect: Sequoia Capital USGF Principals Fund IV, L.P.)
Class A Common Stock
[F3] - 11,388(indirect: Sequoia Capital U.S. Venture Fund XV, L.P.)
Class A Common Stock
[F4] - 479(indirect: Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.)
Class A Common Stock
[F4] - 171(indirect: Sequoia Capital U.S. Venture Partners Fund XV, L.P.)
Class A Common Stock
[F4] - 1,750(indirect: Sequoia Capital U.S. Venture XV Principals Fund, L.P.)
Class A Common Stock
[F4] - 540,646(indirect: Sequoia Capital US/E Expansion Fund I, L.P.)
Class A Common Stock
[F5] - 434,405(indirect: SC US/E ExpansionFund I Management, L.P.)
Class A Common Stock
[F5] - 690,189(indirect: By estate planning vehicle)
Class A Common Stock
[F2]
Footnotes (5)
- [F1]Represents an automatic annual restricted stock unit (RSU) award issued pursuant to the Issuer's Outside Director Compensation Policy. Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock upon settlement. 100% of the RSUs vest on the earlier of June 16, 2027, or the date of the Issuer's next annual meeting of stockholders.
- [F2]The number of shares held reflects the transfer of 5,448 shares of Class A Common Stock from the Reporting Person to the estate planning vehicle.
- [F3]The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SCGF IV Management,L.P., which is the general partner of Sequoia Capital U.S. Growth Fund IV, L.P. and Sequoia Capital USGF Principals Fund IV, L.P., or collectively, the SC GFIV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC GFIV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F4]The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P. and Sequoia Capital U.S. Venture XV Principals Fund, L.P., or collectively, the SC USV XV Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC USV XV Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F5]The Reporting Person is a director and stockholder of SC US (TTGP), Ltd. SC US (TTGP), Ltd. is the general partner of SC US/E Expansion Fund I Management, L.P., which is the general partner of Sequoia Capital US/E Expansion Fund I, L.P., or collectively, the SC EXPI Funds. The Reporting Person disclaims beneficial ownership of the securities held by the SC EXPI Funds except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.