BOTHA ROELOF 4

What Happened

• Roelof Botha, a director of Block, Inc. (XYZ), was granted 263 restricted stock units (RSUs) on July 1, 2026. The filing shows an acquisition at $0.00 (no cash paid). Each RSU is a contingent right to receive one share of Block Class A common stock upon settlement.
• The RSUs were issued under Block’s Outside Director Compensation Policy and, per the filing, 100% of the RSUs were vested as of the grant date.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Price: $0.00 (award/grant); total cash exchanged: $0.
• Shares acquired: 263 RSUs (each representing one share upon settlement).
• Vesting: 100% vested at grant (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: The Form 4 was filed five days after the transaction date; Form 4s are generally required within two business days, so this filing appears later than typical (investors may want to note the timing).
• Remark: The reporter noted he is no longer deemed to beneficially own certain securities solely by virtue of affiliation with funds managed or advised by affiliates of Sequoia Capital Operations, LLC.

Context

• These RSUs are director compensation (not an open-market purchase or sale). Because they were fully vested at grant, Botha has the immediate right to receive shares on settlement, subject to the company’s settlement procedures and any applicable tax withholding. Awards to outside directors are routine compensation and do not by themselves indicate the director’s sentiment about the stock.