Block, Inc. (XYZ) Chief Accounting Officer Withholds 5,709 Shares

What Happened

• Andrea Acosta, Chief Accounting Officer of Block, Inc. (XYZ), had 5,709 shares withheld by the company to satisfy tax withholding related to a net settlement of restricted stock units. The shares were valued at $80.08 each, for a total value of $457,177, on the reported transaction date of August 20, 2026. The filing describes this as tax withholding rather than an open-market sale.

Key Details

• Transaction date and price: August 20, 2026 — 5,709 shares at $80.08 per share.
• Total value: $457,177 (shares withheld to cover tax liability).
• Transaction code: F (payment of exercise price or tax liability / tax withholding).
• Footnote: The shares were withheld by the issuer to satisfy income tax withholding on a net-settled RSU; this does not represent a sale by the reporting person (F1).
• Shares owned after the transaction: Not reported in this Form 4.
• Filing date: Form 4 filed August 24, 2026 (reporting the Aug 20 transaction).

Context

• This was a routine tax-withholding/net-settlement of restricted stock units (RSUs), a common administrative action when equity awards vest. Because the shares were withheld by the issuer to cover taxes (not sold on the open market by the insider), this transaction should not be interpreted as a directional buy or sell signal from the insider. Purchases by insiders tend to carry more weight for signaling than withholding transactions.