Karole Morgan-Prager - 07 Aug 2024 Form 4 Insider Report for BLACKLINE, INC. (BL)

Signature
/s/ Karole Morgan-Prager
Issuer symbol
BL
Transactions as of
07 Aug 2024
Net transactions value
-$360,000
Form type
4
Filing time
08 Aug 2024, 17:27:19 UTC
Previous filing
22 May 2024
Next filing
22 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Options Exercise $140,000 +10,000 +8.7% $14.00 125,424 07 Aug 2024 Direct F1
transaction BL Common Stock Sale $500,000 -10,000 -8% $50.00 115,424 07 Aug 2024 Direct F1

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 -10,000 -8.5% $0.000000 107,260 07 Aug 2024 Common Stock 10,000 $14.00 Direct F1, F2
* 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 effected pursuant to a Rule 10b5-1 trading plan adopted by the Reportig Person on March 8, 2024.
F2 The shares subject to the option vested in four equal, annual installments beginning on the one year anniversary of September 27, 2016.