Carter Shawn Corey 4

What Happened

• Carter Shawn Corey, a director of Block, Inc. (XYZ), was granted 164 restricted stock units (RSUs) on July 1, 2026. The award is reported as an acquisition at $0.00 per share (total reported cash cost $0). The RSUs were issued under Block’s Outside Director Compensation Policy and were 100% vested as of the grant date.

Key Details

• Transaction date: 2026-07-01 (Grant/Award, code A)
• Filing date (Form 4): 2026-07-06 — five days after the transaction; Form 4s are typically due within two business days, so this appears to be a late filing.
• Quantity and price: 164 RSUs acquired at $0.00 each (reported cash value $0)
• Vesting/status: 100% vested at grant (footnote F1)
• Shares owned after transaction: not specified in the provided filing details
• Notable footnotes: F1 explains each RSU converts to one share upon settlement; F2–F4 indicate related shares are held of record by an immediate family member and by SC Panther, LLC and SC Vessel 5, LLC (entities for which the reporting person is sole member)

Context

• RSUs are compensation awards that convert into shares when settled; because these RSUs were vested at grant, the reporting person has a contingent right to receive shares without an out-of-pocket purchase. Such director awards are routine compensation and do not necessarily signal insider trading sentiment. The economic value of the award equals the market price of Block’s stock at settlement, not the $0 acquisition price reported for the grant itself.