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.