Form 4: BlackLine Founder Sells Shares for Tax Obligations
Insider Transaction Report
BlackLine, Inc. Director and Founder Therese Tucker disposed of common stock to cover tax liabilities related to restricted stock unit vesting.
Summary
- Therese Tucker, a Director, Officer (Founder), and 10% Owner of BlackLine, Inc. (BL), reported transactions on November 20, 2025.
- A total of 4,230 shares of Common Stock were disposed of in two separate transactions (2,218 shares and 2,012 shares).
- The shares were disposed of at a price of $53.49 per share.
- These dispositions were made to cover the Reporting Person's tax liability in connection with the vesting of restricted stock units (RSUs).
- Following these transactions, Therese Tucker directly beneficially owns 351,128 shares of Common Stock.
- Indirect beneficial ownership includes shares held in various trusts: Brian and Therese Tucker Charitable Remainder Trust (100,178 shares), Brian and Therese Tucker Living Trust (1,509,881 shares), Claire Seimetz 2015 Trust (54,074 shares), Isaac Tucker 2012 Irrevocable Trust (577,200 shares), Roseanna Tucker 2012 Irrevocable Trust (577,200 shares), Tucker Family CLAT (79,516 shares), Tucker Legacy Trust (874,128 shares), Tucker Legacy Trust II (129,897 shares), and Tucker Seimetz Safety Net Grat (250,916 shares).
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing details a routine insider transaction for tax withholding purposes, which is a common occurrence for executives and directors receiving equity compensation. It does not provide insights into broader industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: The disposition of shares for tax purposes is a routine event and typically has minimal impact on the company's stock price or shareholder value. It represents a small fraction of the insider's total holdings.
Key Dates
| Date | Description |
|---|---|
| 11/20/2025 | Date of earliest transaction where shares were disposed of for tax liability. |
| 11/24/2025 | Date the Form 4 was signed by the Reporting Person's Attorney-in-Fact. |
Keywords
BlackLine, BL, Therese Tucker, Insider Trading, Form 4, SEC Filing, Stock Sale, Tax Withholding, RSU Vesting, Common Stock
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