Block’s ecosystem lead Brian Grassadonia sells $673,635 in stock

Brian Grassadonia, Ecosystem Lead at Block, Inc., sold 8,173 shares of the company's Class A Common Stock on August 24, 2026. His transactions, conducted under a Rule 10b5-1 plan adopted on June 2, 2025, totaled about $673,635. Grassadonia made two separate sales. He sold 3,830 shares at a weighted average price of $81.88 per share, with individual sales between $81.41 and $82.38.

Simultaneously, he sold an additional 4,343 shares at a weighted average price of $82.90 per share, ranging from $82.46 to $83.38. On August 20, 2026, Block withheld 9,592 shares of Class A Common Stock at $80.08 per share to satisfy income tax and other obligations related to restricted stock units. This was not a sale by Grassadonia.

After these reported transactions, Grassadonia still owned 513,981 shares of Class A Common Stock directly. Block's stock price has risen about 57% over the past six months, currently at $81.38 with a market cap of $49.4 billion. Despite this rally, the stock remains undervalued according to InvestingPro analysis. Block's P/E ratio is 138.79, and InvestingPro provides 11 exclusive tips for XYZ, along with Pro Research Reports for over 1,400 US equities.

Block has also received multiple analyst upgrades following strong second-quarter performance. Argus raised its price target to $103, noting accelerated payment volumes and increased guidance. UBS increased its target to $98, maintaining a Buy rating and projecting 15% year-over-year growth in adjusted gross profit. Needham followed suit, raising its target to $100 and highlighting robust quarterly results.

BMO Capital adjusted its price target to $85, citing growth opportunities as Block shifts from cost-cutting to expansion. Klarna is also garnering investor interest, ranked as a top fintech and payments stock at Wolfe Research.