Form 4: BlackLine CO-CEO Therese Tucker Reports Stock Disposals to Cover Tax Obligations

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

Summary

• On August 20, 2024, Therese Tucker, CO-CEO of BlackLine, Inc., disposed of 1,501 and 2,214 shares of common stock to cover tax liabilities.
• The shares were disposed of at a price of $51.59 per share.
• Following the transactions, Tucker directly owns 289,523 shares of BlackLine common stock.
• Tucker also has indirect ownership through various trusts, including the Brian & Therese Tucker Charitable Remainder Trust (100,178 shares), Brian & Therese Tucker Living Trust (1,509,881 shares), and others.
• The transactions were reported on a Form 4 filed with the SEC on August 22, 2024.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions by an insider to cover tax obligations. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

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

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.

Key Dates