Block, Inc. Director Eisen Anthony Mathew Sells 18,000 Shares Under 10b5-1 Plan
Block, Inc. (ticker: XYZ) director Eisen Anthony Mathew filed a Form 4 disclosing the sale of 18,000 shares of Class A Common Stock over three consecutive trading days in June 2026. The transactions occurred on June 4 (6,000 shares at $70.84), June 5 (6,000 shares at $70.19), and June 8 (6,000 shares at $68.22), totaling approximately $1.26 million in proceeds. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on March 2, 2026, which allows insiders to establish predetermined trading plans to avoid allegations of trading on material non-public information. Following these transactions, Mathew's ownership decreased from 2,014,990 shares to 2,002,990 shares. As a director, these sales represent routine portfolio management under a pre-established plan rather than discretionary trading decisions.