Form 4: BlackLine Executive Karole Morgan-Prager Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Karole Morgan-Prager, Chief Legal and Administrative Officer of BlackLine, Inc., reported disposing of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On August 20, 2024, Karole Morgan-Prager, Chief Legal and Administrative Officer of BlackLine, Inc., disposed of common stock to cover tax liabilities.
- A total of 214, 570, and 775 shares were disposed of at a price of $51.59 per share.
- These transactions were related to the vesting of restricted stock units (RSUs).
- Following these transactions, Morgan-Prager beneficially owns 113,865 shares of BlackLine, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 08/20/2024 | Date of stock disposal transactions to cover tax liability. |
| 08/22/2024 | Date of signature on the Form 4 filing. |
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