Form 4: Blackline Co-CEO Therese Tucker Reports Stock Disposals for Tax Obligations

Blackline Co-CEO Therese Tucker disposed of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• Therese Tucker, Co-CEO of Blackline, Inc., reported the disposal of 1,501 and 2,214 shares of common stock on November 20, 2024.
• These disposals were made to cover tax liabilities associated with the vesting of restricted stock units.
• The shares were sold at a price of $58.53 each.
• Following these transactions, Ms. Tucker directly owns 288,022 and 285,808 shares of Blackline common stock.
• She also has indirect ownership through various trusts, including the Brian & Therese Tucker Charitable Remainder Trust, the Brian & Therese Tucker Living Trust, and others.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider transactions and does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine filing related to insider transactions and is common for executives who receive stock-based compensation. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Similar filings are common across publicly traded companies when executives exercise stock options or have restricted stock units vest.
• The tax withholding process is standard practice to cover the tax obligations of the executive.
• The number of shares disposed of is relatively small compared to the total shares owned by Ms. Tucker, which is typical for these types of transactions.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders as they are routine transactions.
• The transactions do not affect the company's operations or financial health.

Key Dates

Keywords

Blackline, Therese Tucker, stock disposal, SEC Form 4, restricted stock units, tax liability, insider trading, beneficial ownership