Dorsey Jack Form 4 Filed 2021-02-10

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Filing Company
- SQUARE, INC.
- DORSEY JACK

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Dorsey Jack

2. Issuer Name and Ticker or Trading Symbol
Square, Inc. [SQ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
President, CEO & Chairman

(Last)

(First)

(Middle)

1455 MARKET STREET, SUITE 600

3. Date of Earliest Transaction (Month/Day/Year)
02/08/2021

(Street)

SAN FRANCISCO, CA 94103

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	02/08/2021		C⁽¹⁾		100,000	A	$ 0	100,000	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		4,380	D	$244.57⁽⁴⁾	95,620	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		12,609	D	$245.09⁽⁵⁾	83,011	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		700	D	$246.58⁽⁶⁾	82,311	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		5,800	D	$247.62⁽⁷⁾	76,511	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		5,600	D	$248.55⁽⁸⁾	70,911	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		17,990	D	$249.88⁽⁹⁾	52,921	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		32,403	D	$250.68⁽¹⁰⁾	20,518	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		9,869	D	$251.54⁽¹¹⁾	10,649	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		3,989	D	$252.94⁽¹²⁾	6,660	I	See Footnote⁽²⁾
Class A Common Stock	02/08/2021		S⁽³⁾		6,660	D	$253.57⁽¹³⁾	0	I	See Footnote⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock⁽¹⁴⁾

⁽¹⁴⁾

02/08/2021

C⁽¹⁾

100,000

⁽¹⁴⁾

Class A Common Stock

100,000

$ 0

38,163,992

See Footnote⁽²⁾

Class B Common Stock⁽¹⁴⁾

⁽¹⁴⁾

Class A Common Stock

12,080,574

See Footnote⁽¹⁵⁾

Explanation of Responses:

1.	Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Jack Dorsey Revocable Trust u/a/d 12/8/10 (Dorsey Revocable Trust), for which the Reporting Person serves as Trustee.
2.	The shares are held of record by the Jack Dorsey Revocable Trust u/a/d 12/8/10, for which the Reporting Person serves as a Trustee.
3.	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Dorsey Revocable Trust.
4.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $244.00 to $244.96 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
5.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $245.00 to $245.97 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
6.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $246.12 to $246.93 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
7.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $247.16 to $248.13 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
8.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $248.17 to $248.98 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
9.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $249.26 to $250.25 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
10.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $250.26 to $251.25 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
11.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $251.26 to $251.97 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
12.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $252.27 to $253.26 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
13.	The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $253.27 to $253.86 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
14.	Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
15.	The shares are held of record by Start Small, LLC, for which the Reporting Person is the sole member.

	Signatures
	/s/ Susan Szotek, Attorney-in-Fact	02/10/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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