Mark Woodhams - Feb 20, 2025 Form 4 Insider Report for BLACKLINE, INC. (BL)

Role
Chief Revenue Officer
Signature
/s/ Karole Morgan-Prager, Attorney-in-Fact
Stock symbol
BL
Transactions as of
Feb 20, 2025
Transactions value $
-$445,285
Form type
4
Date filed
2/24/2025, 06:45 PM
Previous filing
Dec 17, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Options Exercise $262K +5.3K +7.13% $49.32 79.7K Feb 20, 2025 Direct F1
transaction BL Common Stock Options Exercise $280K +5.68K +7.13% $49.32 85.4K Feb 20, 2025 Direct F2
transaction BL Common Stock Tax liability -$536K -10.9K -12.73% $49.32 74.5K Feb 20, 2025 Direct F3
transaction BL Common Stock Sale -$451K -9.09K -12.2% $49.67 65.4K Feb 21, 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported shares relate to the portion of a performance-based restricted stock unit ("PRSU") granted on April 4, 2022 that has vested based on the Issuer's achievement of certain fiscal 2024 performance targets that were set by the Compensation Committee at the time of grant.
F2 The reported shares relate to the portion of a PRSU granted on March 7, 2023 that has vested based on the Issuer's achievement of certain fiscal 2024 performance targets that were set by the Compensation Committee at the time of grant.
F3 The reported shares were withheld to cover the reporting person's tax liability in connection with the vesting of PRSUs and restricted stock units.
F4 The transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 13, 2024.