Karole Morgan-Prager - Feb 20, 2024 Form 4 Insider Report for BLACKLINE, INC. (BL)

Signature
/s/ Karole Morgan-Prager
Stock symbol
BL
Transactions as of
Feb 20, 2024
Transactions value $
-$996,456
Form type
4
Date filed
2/22/2024, 04:24 PM
Previous filing
Nov 21, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Tax liability -$422K -7.34K -7.11% $57.45 95.8K Feb 20, 2024 Direct F1
transaction BL Common Stock Sale -$575K -10K -10.44% $57.45 85.8K Feb 20, 2024 Direct F2, F3
* 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 were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units.
F2 The sale transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 14, 2023.
F3 The sale price represents the weighted-average price of the shares sold ranging from $56.65 to $57.57 per share. Upon request by the 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 with the range set forth in this Form 4.