MCKELVEY JAMES MORGAN JR. sold 71.6% of their position (200K shares) of BLOCK, INC. on the open market

Open‑market sale worth $37.96M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 5 sales

MCKELVEY JAMES MORGAN JR.

Filed: 10/15/2020ACC: 0001209191-20-054923

InsiderMCKELVEY JAMES MORGAN JR.CIK 1658460

→

IssuerBLOCK, INC.CIK 1512673

Director

Since Jul 2018

-200K

Net shares

Net seller

$37.96M

Total sold

Open market trades

0B · 5S

Total transactions

200K acquired · 400K disposed

Non-Derivative Transactions6

Class A Common Stock

Direct

C · Conversion

+200K

Price / share

—

Trade value

—

% of position

251.6%

10/13/2020

79.51K→279.51K

Class A Common Stock

Direct

S · Sale

−6.87K

Price / share

$187.28

Trade value

$1.29M

% of position

2.5%

10/13/2020

279.51K→272.64K

Class A Common Stock

Direct

S · Sale

−23.43K

Price / share

$188.02

Trade value

$4.41M

% of position

8.6%

10/13/2020

272.64K→249.21K

Class A Common Stock

Direct

S · Sale

−46.55K

Price / share

$189.46

Trade value

$8.82M

% of position

18.7%

10/13/2020

249.21K→202.65K

Class A Common Stock

Direct

S · Sale

−117.48K

Price / share

$190.38

Trade value

$22.37M

% of position

58.0%

10/13/2020

202.65K→85.17K

Class A Common Stock

Direct

S · Sale

−5.67K

Price / share

$190.96

Trade value

$1.08M

% of position

6.7%

10/13/2020

85.17K→79.51K

Total

Net shares

+0.00

Net value

-$37.96M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	10/13/2020	C · Conversion	+200K	—	—	251.6%	79.51K	279.51K
Class A Common Stock Direct	10/13/2020	S · Sale	−6.87K	$187.28	$1.29M	2.5%	279.51K	272.64K
Class A Common Stock Direct	10/13/2020	S · Sale	−23.43K	$188.02	$4.41M	8.6%	272.64K	249.21K
Class A Common Stock Direct	10/13/2020	S · Sale	−46.55K	$189.46	$8.82M	18.7%	249.21K	202.65K
Class A Common Stock Direct	10/13/2020	S · Sale	−117.48K	$190.38	$22.37M	58.0%	202.65K	85.17K
Class A Common Stock Direct	10/13/2020	S · Sale	−5.67K	$190.96	$1.08M	6.7%	85.17K	79.51K
Total			+0.00		-$37.96M

Derivative Transactions1

Class B Common Stock

Direct

C · Conversion

Converts to

Class A Common Stock

200K shares

−200K

Strike price

Held after

1.81M

Exercisable

—

10/13/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Class B Common Stock Direct	Class A Common Stock200K shares	10/13/2020	C · Conversion	−200K		—	1.81M

Non-Derivative Holdings (Post-Transaction)1

Class A Common Stock

Indirect

Shares owned175K

Total

175K indirect175K

Security Title	Shares Owned	Ownership Type
Class A Common Stock	175K	Indirect
Total	175K	175K indirect

Derivative Holdings (Post-Transaction)1

Class B Common Stock

Indirect

Underlying security

Class A Common Stock

Underlying shares

13.05M

Shares owned

13.05M

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

13.05M

Owned

13.05M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Class B Common Stock Indirect	Class A Common Stock		—	—	13.05M	13.05M
Total					13.05M	13.05M