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., disposed of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On May 20, 2025, Karole Morgan-Prager, Chief Legal and Administrative Officer of BlackLine, Inc., reported the disposal of common stock to cover tax liabilities.
- A total of 2,229 shares were disposed of at a price of $55.43 per share to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- Following these transactions, Morgan-Prager directly owns 127,257 shares of BlackLine common stock.
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.
Stakeholder Impact
- The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is generally considered a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of stock disposal transactions. |
| 05/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, BlackLine, Morgan-Prager, Stock Disposal, Tax Liability, Restricted Stock Units, Beneficial Ownership, Securities Exchange Act
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