Square Statement on Executive Trading Plan
November 15 2016 - 5:00PM
Business Wire
Square (NYSE:SQ) CEO Jack Dorsey has entered into a stock
trading plan to sell shares of Square over the course of the next
twelve months, in accordance with guidelines specified under Rule
10b5-1 of the Securities and Exchange Act of 1934. The prearranged
plan was finalized in August, and total shares available for sale
are capped at approximately 7% of Mr. Dorsey’s overall holdings.
The proceeds from these sales are for Mr. Dorsey’s financial and
tax planning purposes and to enable him to help further fund the
Start Small Foundation. The transactions will be disclosed
periodically through Form 4 and Form 144 filings with the
Securities and Exchange Commission.
About Square, Inc.
Square creates tools that help sellers of all sizes start, run,
and grow their businesses. Square's point-of-sale service offers
tools for every part of running a business, from accepting credit
cards and tracking inventory, to real-time analytics and invoicing.
Square also offers sellers financial and marketing services,
including small business financing and customer engagement tools.
Businesses and individuals use Square Cash, an easy way to send and
receive money, as well as Caviar, a food delivery service for
popular restaurants. Square was founded in 2009 and is
headquartered in San Francisco, with offices in the United States,
Canada, Japan, and Australia.
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version on businesswire.com: http://www.businesswire.com/news/home/20161115006737/en/
Media Contact:Square, Inc.press@squareup.comorInvestor Relations
Contact:Square, Inc.ir@squareup.com
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