Form 4: BlackLine Inc. Executive Karole Morgan-Prager Executes Stock Option and Sells Shares
SEC Form 4 Filing
Karole Morgan-Prager, Chief Legal and Administrative Officer of BlackLine, Inc., exercised stock options and sold shares under a pre-arranged trading plan.
Summary
- On October 1, 2024, Karole Morgan-Prager, Chief Legal and Administrative Officer of BlackLine, Inc., executed a stock option to acquire 10,000 shares of common stock at a price of $14 per share.
- Simultaneously, she sold 25 shares at $54.71 and 9,975 shares at a weighted average price of $54.03, ranging from $53.60 to $54.52.
- These transactions were conducted under a Rule 10b5-1 trading plan adopted on March 8, 2024.
- Following these transactions, Morgan-Prager directly owns 113,865 shares of BlackLine, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged trading plan. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Key Dates
| Date | Description |
|---|---|
| 2024-03-08 | Date of adoption of Rule 10b5-1 trading plan |
| 2024-10-01 | Date of stock option exercise and share sales |
| 2024-10-02 | Date of Form 4 filing |
| 2026-10-16 | Expiration date of stock options |
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