Form 4: BlackLine Co-CEO Owen Ryan Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Owen Ryan, Co-CEO of BlackLine, Inc., disposed of 2,235 shares of common stock on August 20, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On August 20, 2024, Owen Ryan, the Co-CEO of BlackLine, Inc., disposed of 2,235 shares of common stock.
- The transaction was executed to cover the reporting person's tax liability associated with the vesting of restricted stock units (RSUs).
- The shares were disposed of at a price of $51.59 per share.
- Following the transaction, Ryan directly owns 151,265 shares of BlackLine, Inc.
Sentiment
Score: 5
Explanation: The filing reflects a routine transaction (disposal of shares for tax purposes) and doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of the transaction where shares were disposed of to cover tax liability. |
| 08/22/2024 | Date of signature for the Form 4 filing. |
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