Mark Woodhams - 20 Feb 2024 Form 4/A Insider Report for BLACKLINE, INC. (BL)

Signature
/s/ Karole Morgan-Prager, Attorney-in-Fact
Issuer symbol
BL
Transactions as of
20 Feb 2024
Net transactions value
-$622,207
Form type
4/A
Filing time
20 Mar 2024, 17:46:14 UTC
Date Of Original Report
22 Feb 2024
Previous filing
18 Dec 2023
Next filing
19 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BL Common Stock Tax liability $248,127 -4,319 -4.9% $57.45 84,223 20 Feb 2024 Direct F1
transaction BL Common Stock Award $0 +6,080 +7.2% $0.000000 90,303 20 Feb 2024 Direct F2
transaction BL Common Stock Tax liability $193,951 -3,376 -3.7% $57.45 86,927 20 Feb 2024 Direct F3
transaction BL Common Stock Sale $180,129 -3,208 -3.7% $56.15 83,719 21 Feb 2024 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 were withheld to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units ("RSUs").
F2 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 2022 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.
F4 As previously reported, the sale transaction reported on this Form 4 was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 14, 2023.