Karole Morgan-Prager - 30 Sep 2024 Form 4 Insider Report for BLACKLINE, INC. (BL)

Signature
/s/ Karole Morgan-Prager
Issuer symbol
BL
Transactions as of
30 Sep 2024
Net transactions value
-$410,000
Form type
4
Filing time
01 Oct 2024, 19:39:13 UTC
Previous filing
22 Aug 2024
Next filing
02 Oct 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 +8.8% $14.00 123,865 30 Sep 2024 Direct F1
transaction BL Common Stock Sale $550,000 -10,000 -8.1% $55.00 113,865 30 Sep 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 -9.3% $0.000000 97,260 30 Sep 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 transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 8, 2024.
F2 The options became exercisable based on the following vesting schedule: The shares subject to the option vested in 4 equal, annual installments beginning on the one-year anniversary of the grant date, subject to the reporting person's continued service through each applicable vesting date.