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

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

Summary

• Therese Tucker, CO-CEO of BlackLine, Inc., filed a Form 4 with the SEC detailing changes in beneficial ownership.
• On May 20, 2025, Tucker disposed of 2,218 shares and 2,012 shares of common stock at a price of $55.43 per share to cover tax liabilities related to the vesting of restricted stock units (RSUs).
• Following these transactions, Tucker directly owns 359,589 shares of BlackLine common stock.
• Tucker also has indirect ownership through various trusts, including the Brian and Therese Tucker Charitable Remainder Trust (100,178 shares), the Brian and Therese Tucker Living Trust (1,509,881 shares), and other family trusts.

Sentiment

Score: 5

Explanation: The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual or concerning activity.

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 has a minimal impact on shareholders as it is related to tax obligations.

Key Dates

Keywords

Form 4, BlackLine, Therese Tucker, Beneficial Ownership, Stock Disposal, Tax Liability, RSUs, CO-CEO