Summary by Futu AI
The Vanguard Group has filed an amended Schedule 13G/A with the Securities and Exchange Commission on November 4, 2024, indicating a significant ownership stake in Block Inc. As of September 30, 2024, The Vanguard Group reported beneficial ownership of 53,575,478 shares of Block Inc's common stock, representing 9.64% of the company's class of securities. This filing, required under the Securities Exchange Act of 1934, reveals that The Vanguard Group has shared voting power over 1,043,657 shares and sole dispositive power over 51,569,764 shares, with an additional shared dispositive power over 2,005,714 shares. The Vanguard Group's clients, including registered investment companies and other managed accounts, are entitled to dividends from or proceeds from the sale of these securities. The filing asserts that the shares were not acquired for the purpose of changing or influencing the control of Block Inc, nor in connection with any transaction with such purpose or effect.