Form 4: BlackLine CO-CEO Therese Tucker Reports Stock Disposal for Tax Obligations

Therese Tucker, CO-CEO of BlackLine, Inc., reports disposing of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• Therese Tucker, CO-CEO of BlackLine, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On May 20, 2024, 5,841 shares of common stock were disposed of to cover tax liabilities associated with the vesting of restricted stock units (RSUs) at a price of $57.88 per share.
• Following the transaction, Tucker directly owns 293,238 shares of BlackLine common stock.
• Tucker also has indirect ownership through various trusts, including the Brian & Therese Tucker Charitable Remainder Trust (100,178 shares), the Brian & Therese Tucker Living Trust (1,509,881 shares), and other trusts for family members.
• The filing was signed by Karole Morgan-Prager, Attorney-in-Fact, on May 22, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a common transaction (selling shares to cover taxes). It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates