Mark Partin - Jun 4, 2024 Form 4 Insider Report for BLACKLINE, INC. (BL)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Karole Morgan-Prager, Attorney-in-Fact
Stock symbol
BL
Transactions as of
Jun 4, 2024
Transactions value $
-$1,669,100
Form type
4
Date filed
6/6/2024, 04:57 PM
Previous filing
May 22, 2024
Next filing
Aug 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Options Exercise $700K +50K +21.8% $14.00 279K Jun 4, 2024 Direct F1
transaction BL Common Stock Sale -$2.08M -44K -15.76% $47.30 235K Jun 4, 2024 Direct F1, F2
transaction BL Common Stock Sale -$287K -5.97K -2.54% $47.99 229K Jun 4, 2024 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BL Stock Option (Right to Buy) Options Exercise $0 -50K -53.95% $0.00 42.7K Jun 4, 2024 Common Stock 50K $14.00 Direct F1, 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 sale transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 6, 2024.
F2 The sale price represents the weighted average price of shares sold ranging from $46.76 to $47.728 per share, and is rounded to the nearest tenth of a cent. Upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3 The sale price represents the weighted average price of shares sold ranging from $47.76 to $48.17 per share, and is rounded to the nearest tenth of a cent. Upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 The option is fully vested and immediately exercisable.