BLOCK INC

CUSIP: 852234AK9 Class: Convertible Debt

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

BANK OF AMERICA CORP /DE/

Value ($000) $58 Shares 63,000

Institution	Shares	Value ($000)
BANK OF AMERICA CORP /DE/	63,000	$58

Increased Positions (10)

INCOME RESEARCH & MANAGEMENT

Value ($000) $7,844 (+7.7%) Shares 8,485,000 (+6.0%)

Voya Investment Management LLC

Value ($000) $197,518 (+48.4%) Shares 212,785,000 (+46.0%)

SSI INVESTMENT MANAGEMENT LLC

Value ($000) $5,509 (+15.6%) Shares 5,959,000 (+13.7%)

OAKTREE CAPITAL MANAGEMENT LP

Value ($000) $5,509 (+79.0%) Shares 5,935,000 (+76.1%)

JPMORGAN CHASE & CO

Value ($000) $16,512 (+17.5%) Shares 17,859,000 (+15.8%)

BlackRock, Inc.

Value ($000) $6,660 (+28.4%) Shares 7,204,000 (+26.3%)

STATE STREET CORP

Value ($000) $10,939 (+6.7%) Shares 11,850,000 (+5.3%)

Value ($000) $2,299 (+19.2%) Shares 2,487,000 (+17.3%)

WELLS FARGO & COMPANY/MN

Value ($000) $181 (+151.8%) Shares 196,000 (+148.1%)

ROYAL BANK OF CANADA

Value ($000) $647 (+11.9%) Shares 700,000 (+10.2%)

Institution	Prev Shares	Curr Shares	Change
INCOME RESEARCH & MANAGEMENT	8,005,000	8,485,000	+480,000 (+6.0%)
Voya Investment Management LLC	145,785,000	212,785,000	+67,000,000 (+46.0%)
SSI INVESTMENT MANAGEMENT LLC	5,239,000	5,959,000	+720,000 (+13.7%)
OAKTREE CAPITAL MANAGEMENT LP	3,371,000	5,935,000	+2,564,000 (+76.1%)
JPMORGAN CHASE & CO	15,425,000	17,859,000	+2,434,000 (+15.8%)
BlackRock, Inc.	5,704,000	7,204,000	+1,500,000 (+26.3%)
STATE STREET CORP	11,250,000	11,850,000	+600,000 (+5.3%)
MORGAN STANLEY	2,120,000	2,487,000	+367,000 (+17.3%)
WELLS FARGO & COMPANY/MN	79,000	196,000	+117,000 (+148.1%)
ROYAL BANK OF CANADA	635,000	700,000	+65,000 (+10.2%)

Decreased Positions (9)

CAMDEN ASSET MANAGEMENT L P /CA

Value ($000) $35,566 (-19.3%) Shares 38,470,000 (-20.6%)

ADVENT CAPITAL MANAGEMENT /DE/

Value ($000) $22,576 (-16.7%) Shares 24,310,000 (-18.1%)

DeepCurrents Investment Group LLC

Value ($000) $9,622 (-15.6%) Shares 10,400,000 (-16.8%)

TENOR CAPITAL MANAGEMENT Co., L.P.

Value ($000) $8,658 (-3.7%) Shares 9,350,000 (-5.1%)

TORONTO DOMINION BANK

Value ($000) $2,932 (-49.4%) Shares 3,186,000 (-50.3%)

NEW YORK STATE COMMON RETIREMENT FUND

Value ($000) $1,664 (-55.5%) Shares 1,800,000 (-56.2%)

Pekin Hardy Strauss, Inc.

Value ($000) $656 (-5.0%) Shares 710,000 (-6.6%)

Value ($000) $9 (-97.7%) Shares 10,000 (-97.9%)

LAZARD ASSET MANAGEMENT LLC

Value ($000) $42 (-66.6%) Shares 4,540,000 (-67.1%)

Institution	Prev Shares	Curr Shares	Change
CAMDEN ASSET MANAGEMENT L P /CA	48,470,000	38,470,000	-10,000,000 (-20.6%)
ADVENT CAPITAL MANAGEMENT /DE/	29,674,000	24,310,000	-5,364,000 (-18.1%)
DeepCurrents Investment Group LLC	12,500,000	10,400,000	-2,100,000 (-16.8%)
TENOR CAPITAL MANAGEMENT Co., L.P.	9,850,000	9,350,000	-500,000 (-5.1%)
TORONTO DOMINION BANK	6,415,000	3,186,000	-3,229,000 (-50.3%)
NEW YORK STATE COMMON RETIREMENT FUND	4,110,000	1,800,000	-2,310,000 (-56.2%)
Pekin Hardy Strauss, Inc.	760,000	710,000	-50,000 (-6.6%)
BARCLAYS PLC	474,000	10,000	-464,000 (-97.9%)
LAZARD ASSET MANAGEMENT LLC	13,814,000	4,540,000	-9,274,000 (-67.1%)

Exited Positions (6)

Verition Fund Management LLC

Value ($000) $22,375 Shares 24,500,000

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $1,870 Shares 2,050,000

FRANKLIN RESOURCES INC

Value ($000) $1,238 Shares 1,356,000

GOLDMAN SACHS GROUP INC

Value ($000) $501 Shares 550,000

Value ($000) $369 Shares 406,000

Bank of New York Mellon Corp

Value ($000) $182 Shares 200,000

Institution	Prev Shares	Prev Value ($000)
Verition Fund Management LLC	24,500,000	$22,375
WOLVERINE ASSET MANAGEMENT LLC	2,050,000	$1,870
FRANKLIN RESOURCES INC	1,356,000	$1,238
GOLDMAN SACHS GROUP INC	550,000	$501
CITIGROUP INC	406,000	$369
Bank of New York Mellon Corp	200,000	$182