MCKELVEY JAMES MORGAN JR. sold 98.7% of their position (200K shares) of BLOCK, INC. on the open market

Open‑market sale worth $45.14M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 4 sales

MCKELVEY JAMES MORGAN JR.

Filed: 1/21/2021ACC: 0001209191-21-004711

InsiderMCKELVEY JAMES MORGAN JR.CIK 1658460

→

IssuerBLOCK, INC.CIK 1512673

Director

Since Jul 2018

-200K

Net shares

Net seller

$45.14M

Total sold

Open market trades

0B · 4S

Total transactions

200K acquired · 400K disposed

Non-Derivative Transactions5

Class A Common Stock

Direct

C · Conversion

+200K

Price / share

—

Trade value

—

% of position

7454.3%

1/19/2021

2.68K→202.68K

Class A Common Stock

Direct

S · Sale

−27.75K

Price / share

$224.13

Trade value

$6.22M

% of position

13.7%

1/19/2021

202.68K→174.93K

Class A Common Stock

Direct

S · Sale

−70.57K

Price / share

$225.03

Trade value

$15.88M

% of position

40.3%

1/19/2021

174.93K→104.36K

Class A Common Stock

Direct

S · Sale

−43.45K

Price / share

$226.08

Trade value

$9.82M

% of position

41.6%

1/19/2021

104.36K→60.91K

Class A Common Stock

Direct

S · Sale

−58.22K

Price / share

$227.05

Trade value

$13.22M

% of position

95.6%

1/19/2021

60.91K→2.68K

Total

Net shares

+0.00

Net value

-$45.14M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock Direct	1/19/2021	C · Conversion	+200K	—	—	7454.3%	2.68K	202.68K
Class A Common Stock Direct	1/19/2021	S · Sale	−27.75K	$224.13	$6.22M	13.7%	202.68K	174.93K
Class A Common Stock Direct	1/19/2021	S · Sale	−70.57K	$225.03	$15.88M	40.3%	174.93K	104.36K
Class A Common Stock Direct	1/19/2021	S · Sale	−43.45K	$226.08	$9.82M	41.6%	104.36K	60.91K
Class A Common Stock Direct	1/19/2021	S · Sale	−58.22K	$227.05	$13.22M	95.6%	60.91K	2.68K
Total			+0.00		-$45.14M

Derivative Transactions1

Class B Common Stock

Direct

C · Conversion

Converts to

Class A Common Stock

200K shares

−200K

Strike price

Held after

983.87K

Exercisable

—

1/19/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Class B Common Stock Direct	Class A Common Stock200K shares	1/19/2021	C · Conversion	−200K		—	983.87K

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