Narula Neha 4

What Happened

• Neha Narula, a director of Block, Inc. (XYZ), was granted 254 restricted stock units (RSUs) on July 1, 2026. The RSUs were reported as acquired at $0.00 (no cash paid). Each RSU is a contingent right to receive one share of Class A common stock upon settlement.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06.
• Reported transaction: Grant/Award (code A) — 254 RSUs @ $0.00 (acquired).
• Shares owned after transaction: Not specified in the summary filing provided — see the Form 4 for total holdings.
• Footnote: Each share is represented by an RSU that vests into one share upon settlement; RSUs were issued under the Issuer’s Outside Director Compensation Policy and were 100% vested as of grant (Footnote F1).
• Filing timeliness: Filing date is listed as July 6 for a July 1 grant; check the official Form 4 for any timeliness notes.

Context

• RSU awards to outside directors are common components of board compensation and are not purchases indicating personal cash investment. Because these RSUs were fully vested at grant, they represent an immediate contingent entitlement to shares upon settlement, which may dilute existing shareholders when settled. This transaction is a compensation award rather than a market signal of buying or selling.