The Stock Block refers to the instances you purchased stock in the business. Since your stock was "purchased" only with the original issuance, you can each label your Form 7203 as Stock Block "1".
If you had bought into an S-Corp, say on 4/1/2016, then purchased another 100 shares on 10/1/2018, you would have 2 stock blocks:
- Stock Block #1 for the stock purchased 4/1/16
- Stock Block #2 for the stock purchased 10/1/18
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