Block Inc’s Chief Business Officer Owen Britton Jennings sold 1,901 shares of Class A common stock for approximately $154,052 in two separate transactions executed under a Rule 10b5-1 trading plan adopted on September 2, 2025.
The first sale occurred on August 21, 2026, when Jennings disposed of 584 shares at $80.04 per share. A second transaction on August 24, 2026, involved 1,317 shares sold at $81.48 per share. Block’s Class A shares were trading at $81.38 at the time of the report.
Following the dispositions, Jennings retains beneficial ownership of 460,128 shares of Block Inc Class A common stock. The company also withheld 17,633 shares on August 20, 2026, valued at $1,412,050 at $80.08 per share, to cover tax obligations related to the net settlement of restricted stock units. These withholdings do not constitute discretionary sales.
Block Inc reported adjusted earnings per share of $1.02 for the second quarter of 2026, up from $0.62 in the prior-year period and above the $0.87 consensus estimate. The company’s stock has gained 57% over the past six months and 25% year to date.
Analysts have adjusted price targets for Block Inc in recent weeks. Argus raised its target to $103, citing accelerated payment volumes and an improved outlook. UBS increased its target to $98, anticipating 15% year-over-year growth in adjusted gross profit driven by Square and Cash App ecosystems. Needham set a $100 target, highlighting beats in gross profit, adjusted operating income, and EPS. BMO Capital adjusted its target to $85, noting a strategic shift from cost-cutting toward growth opportunities.
