SAN FRANCISCO--(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.